Diversified Royalty Corp. (DIV) to Distribute Monthly Dividend of $0.02 on November 30th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, November 13th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.0238 per share on Monday, November 30th. This represents a $0.29 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, November 13th.

Diversified Royalty Stock Down 0.3%

Shares of DIV traded down C$0.01 on Wednesday, reaching C$3.51. The stock had a trading volume of 340,896 shares, compared to its average volume of 479,825. The company has a debt-to-equity ratio of 177.18, a quick ratio of 1.74 and a current ratio of 0.58. Diversified Royalty has a 12-month low of C$3.42 and a 12-month high of C$4.98. The firm has a market capitalization of C$662.53 million, a price-to-earnings ratio of 20.65 and a beta of 0.90. The company has a 50-day simple moving average of C$4.06 and a 200-day simple moving average of C$4.28.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings data on Saturday, November 7th. The company reported C$0.03 EPS for the quarter. Diversified Royalty had a return on equity of 8.78% and a net margin of 30.10%. The business had revenue of C$31.53 million during the quarter. Sell-side analysts predict that Diversified Royalty will post 0.20 EPS for the current year.

About Diversified Royalty

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV, through its subsidiary, Mr. Lube Canada Ltd., also operates the Mr. Lube + Tires franchisor business in Canada. Mr. Lube + Tires is the leading Canadian automotive service chain specializing in fast, drive-in drive-through, no-appointment-needed vehicle maintenance.