Diversified Royalty Corp. (DIV) To Go Ex-Dividend on August 14th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, August 14th, TickerTech Dividends reports. Shareholders of record on Monday, August 31st will be paid a dividend of 0.0238 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, August 14th.

Diversified Royalty Price Performance

TSE:DIV remained flat at C$4.57 during trading hours on Wednesday. The company’s stock had a trading volume of 38,617 shares, compared to its average volume of 413,120. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84. Diversified Royalty has a one year low of C$3.37 and a one year high of C$4.98. The stock has a fifty day moving average price of C$4.66 and a 200 day moving average price of C$4.38. The company has a market capitalization of C$854.81 million, a price-to-earnings ratio of 22.85 and a beta of 1.11.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$18.80 million for the quarter. Diversified Royalty had a net margin of 49.91% and a return on equity of 12.54%. On average, analysts expect that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Diversified Royalty news, Director Johnny Ciampi sold 147,004 shares of Diversified Royalty stock in a transaction on Monday, June 8th. The stock was sold at an average price of C$4.77, for a total value of C$701,209.08. Following the sale, the director owned 12,767 shares in the company, valued at C$60,898.59. The trade was a 92.01% decrease in their ownership of the stock. Also, insider Greg Gutmanis sold 30,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were 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 directly owned 204,185 shares in the company, valued at approximately C$990,297.25. This trade represents a 12.81% decrease in their position. Insiders sold 330,000 shares of company stock worth $1,576,500 in the last 90 days. Company insiders own 0.52% of the company’s stock.

About Diversified Royalty

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.