Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Tuesday, September 3rd, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.021 per share on Friday, September 27th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date of this dividend is Friday, September 13th.
Diversified Royalty Stock Performance
Shares of TSE:DIV remained flat at C$2.84 during trading on Thursday. The stock had a trading volume of 33,676 shares, compared to its average volume of 227,906. The firm has a 50 day simple moving average of C$2.77 and a 200-day simple moving average of C$2.79. Diversified Royalty has a fifty-two week low of C$2.35 and a fifty-two week high of C$2.97. The company has a current ratio of 5.73, a quick ratio of 1.74 and a debt-to-equity ratio of 89.69. The firm has a market cap of C$469.88 million, a P/E ratio of 13.52 and a beta of 1.57.
Diversified Royalty (TSE:DIV – Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. The company had revenue of C$16.78 million during the quarter, compared to analysts’ expectations of C$17.50 million. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. On average, analysts predict that Diversified Royalty will post 0.1949384 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Analysis on DIV
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.
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