Diversified Royalty Corp. (DIV) to Issue Monthly Dividend of $0.02 on May 29th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 29th will be given a dividend of 0.0238 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, May 15th.

Diversified Royalty Price Performance

Shares of Diversified Royalty stock traded down C$0.02 during trading on Wednesday, reaching C$4.28. The company’s stock had a trading volume of 152,926 shares, compared to its average volume of 324,067. The stock has a 50-day moving average price of C$4.19 and a two-hundred day moving average price of C$3.93. The stock has a market capitalization of C$731.92 million, a P/E ratio of 20.38 and a beta of 1.07. The company has a current ratio of 0.68, a quick ratio of 1.74 and a debt-to-equity ratio of 88.76. Diversified Royalty has a one year low of C$2.87 and a one year high of C$4.42.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings data on Friday, March 20th. The company reported C$0.06 earnings per share for the quarter. Diversified Royalty had a net margin of 51.82% and a return on equity of 12.71%. The firm had revenue of C$20.41 million during the quarter. As a group, sell-side analysts anticipate that Diversified Royalty will post 0.2 EPS 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.