Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be paid a dividend of 0.0238 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.
Diversified Royalty Trading Up 0.7%
Shares of DIV traded up C$0.03 during mid-day trading on Friday, reaching C$4.11. 195,153 shares of the company were exchanged, compared to its average volume of 475,856. The business has a 50 day simple moving average of C$4.36 and a two-hundred day simple moving average of C$4.40. The company has a debt-to-equity ratio of 212.48, a quick ratio of 1.74 and a current ratio of 0.49. The stock has a market capitalization of C$775.79 million, a PE ratio of 24.18 and a beta of 1.06. Diversified Royalty has a 52 week low of C$3.41 and a 52 week high of C$4.98.
Diversified Royalty (TSE:DIV – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$19.48 million for the quarter. Diversified Royalty had a return on equity of 10.39% and a net margin of 39.72%. On average, 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.
Recommended Stories
- Five stocks we like better than Diversified Royalty
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
- Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
Receive News & Ratings for Diversified Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversified Royalty and related companies with MarketBeat.com's FREE daily email newsletter.
