Diversified Royalty Corp. (TSE:DIV – Get Free Report)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.76 and traded as low as C$2.69. Diversified Royalty shares last traded at C$2.71, with a volume of 103,497 shares changing hands.
Analyst Ratings Changes
A number of analysts recently commented on DIV shares. Cibc World Mkts cut Diversified Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. CIBC downgraded shares of Diversified Royalty from an “outperform” rating to a “neutral” rating in a report on Monday, May 13th.
View Our Latest Stock Analysis on DIV
Diversified Royalty Trading Up 0.4 %
Diversified Royalty (TSE:DIV – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.01. The company had revenue of C$15.08 million for the quarter, compared to analyst estimates of C$16.06 million. Diversified Royalty had a net margin of 54.93% and a return on equity of 12.42%. Equities research analysts expect that Diversified Royalty Corp. will post 0.1900883 EPS for the current year.
Diversified Royalty Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.021 per share. This represents a $0.25 annualized dividend and a dividend yield of 9.16%. The ex-dividend date of this dividend was Friday, June 14th. Diversified Royalty’s dividend payout ratio (DPR) is currently 113.64%.
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.
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