Diversified Royalty Corp. (DIV) To Go Ex-Dividend on August 15th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Thursday, August 15th, Zacks reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.021 per share on Friday, August 30th. This represents a $0.25 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend is Thursday, August 15th.

Diversified Royalty Stock Performance

Diversified Royalty stock traded up C$0.02 on Tuesday, reaching C$2.84. 227,254 shares of the stock were exchanged, compared to its average volume of 232,013. The firm has a fifty day moving average price of C$2.73 and a two-hundred day moving average price of C$2.79. The company has a current ratio of 0.81, a quick ratio of 1.74 and a debt-to-equity ratio of 87.46. The stock has a market cap of C$468.15 million, a PE ratio of 12.91 and a beta of 1.57. Diversified Royalty has a twelve month low of C$2.35 and a twelve month high of C$2.97.

Analyst Ratings Changes

Several brokerages recently issued reports on DIV. Cibc World Mkts cut Diversified Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th. CIBC lowered shares of Diversified Royalty from an “outperform” rating to a “neutral” rating in a report on Monday, May 13th.

Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.