Diversified Royalty Corp (OTCMKTS:BEVFF) declared a monthly dividend on Thursday, January 4th, Zacks reports. Shareholders of record on Monday, January 15th will be paid a dividend of 0.015 per share on Wednesday, January 31st. This represents a $0.18 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Thursday, January 11th.
Shares of Diversified Royalty (BEVFF) remained flat at $$2.95 during midday trading on Wednesday. Diversified Royalty has a twelve month low of $1.73 and a twelve month high of $2.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 80.73 and a current ratio of 80.73. The stock has a market capitalization of $309.53 and a price-to-earnings ratio of 42.14.
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Diversified Royalty Corp. (DIV), formerly BENEV Capital Inc, is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). Its primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases.
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