Diversified Royalty Corp. (DIV) to Issue Monthly Dividend of $0.02 on February 27th

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, February 13th, TickerTech Dividends reports. Investors of record on Friday, February 27th will be paid a dividend of 0.0238 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, February 13th.

Diversified Royalty Price Performance

Shares of DIV stock opened at C$4.07 on Friday. The stock’s 50-day moving average is C$3.85 and its 200 day moving average is C$3.65. Diversified Royalty has a 1-year low of C$2.57 and a 1-year high of C$4.10. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. The company has a market cap of C$694.93 million, a P/E ratio of 23.94 and a beta of 0.99.

Diversified Royalty (TSE:DIV) last announced its earnings results on Thursday, November 13th. The company reported C$0.05 EPS for the quarter. Diversified Royalty had a net margin of 49.25% and a return on equity of 11.46%. The business had revenue of C$19.59 million during the quarter. Research analysts predict that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.