Diversified Royalty Corp. (TSE:DIV) Plans $0.02 Monthly Dividend

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, November 15th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.021 per share on Friday, November 29th. This represents a $0.25 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend is Friday, November 15th.

Diversified Royalty Trading Up 0.3 %

Diversified Royalty stock traded up C$0.01 during trading on Thursday, hitting C$3.06. The company had a trading volume of 97,376 shares, compared to its average volume of 231,622. 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 stock has a market cap of C$506.28 million, a price-to-earnings ratio of 14.48 and a beta of 1.57. The company’s 50 day simple moving average is C$2.97 and its 200-day simple moving average is C$2.84. Diversified Royalty has a 1-year low of C$2.52 and a 1-year high of C$3.09.

Analyst Upgrades and Downgrades

DIV has been the subject of a number of analyst reports. Ventum Cap Mkts raised Diversified Royalty to a “strong-buy” rating in a research report on Tuesday, September 24th. Ventum Financial set a C$4.00 price objective on Diversified Royalty and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$3.80.

About Diversified Royalty

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.