Diversified Royalty Corp. (TSE:DIV) to Issue $0.02 Monthly Dividend

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.0208 per share on Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 9.04%. The ex-dividend date is Friday, March 14th.

Diversified Royalty Stock Down 0.4 %

Shares of DIV traded down C$0.01 on Wednesday, hitting C$2.76. 92,181 shares of the stock traded hands, compared to its average volume of 259,459. The company has a market capitalization of C$421.95 million, a PE ratio of 14.41 and a beta of 1.57. Diversified Royalty has a one year low of C$2.50 and a one year high of C$3.09. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. The business has a 50 day simple moving average of C$2.84 and a 200 day simple moving average of C$2.91.

Analyst Ratings Changes

Separately, Desjardins set a C$3.75 price target on Diversified Royalty and gave the company a “buy” rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Diversified Royalty has an average rating of “Moderate Buy” and a consensus price target of C$3.88.

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.