Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.021 per share on Friday, November 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, November 15th.
DIV stock traded up C$0.04 during trading on Wednesday, hitting C$3.06. The company had a trading volume of 136,523 shares, compared to its average volume of 232,059. The company has a current ratio of 5.73, a quick ratio of 1.74 and a debt-to-equity ratio of 89.69. Diversified Royalty has a one year low of C$2.52 and a one year high of C$3.09. The business has a 50-day moving average of C$2.95 and a 200-day moving average of C$2.83. The stock has a market cap of C$506.28 million, a PE ratio of 14.38 and a beta of 1.57.
Diversified Royalty (TSE:DIV - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.05. The business had revenue of C$16.78 million during the quarter, compared to the consensus estimate of C$17.50 million. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. Research analysts predict that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on DIV shares. Ventum Financial set a C$4.00 price target on Diversified Royalty and gave the stock a "buy" rating in a report on Tuesday, September 24th. Ventum Cap Mkts raised shares of Diversified Royalty to a "strong-buy" rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$3.80.
Check Out Our Latest Analysis on DIV
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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