A number of research firms have changed their ratings and price targets for Diversified Royalty (TSE: DIV):
- 5/21/2026 – Diversified Royalty had its price target raised by ATB Cormark Capital Markets from C$5.00 to C$5.50. They now have an “outperform” rating on the stock.
- 5/20/2026 – Diversified Royalty had its price target raised by Raymond James Financial, Inc. from C$4.25 to C$4.70. They now have an “outperform” rating on the stock.
- 5/20/2026 – Diversified Royalty had its price target raised by Canaccord Genuity Group Inc. from C$4.75 to C$5.50. They now have a “buy” rating on the stock.
- 5/19/2026 – Diversified Royalty had its price target raised by Desjardins from C$4.50 to C$4.75. They now have a “buy” rating on the stock.
Diversified Royalty Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were given a dividend of $0.0238 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a c) annualized dividend and a yield of 6.0%. Diversified Royalty’s payout ratio is 137.51%.
Insider Transactions at Diversified Royalty
In related news, insider Greg Gutmanis sold 30,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$4.85, for a total value of C$145,500.00. Following the completion of the transaction, the insider owned 204,185 shares of the company’s stock, valued at approximately C$990,297.25. This represents a 12.81% decrease in their ownership of the stock. 0.52% of the stock is owned by company insiders.
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.
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