Diversified Royalty Corp. Plans Monthly Dividend of $0.02 (TSE:DIV)

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.0208 per share on Friday, January 31st. This represents a $0.25 annualized dividend and a yield of 8.55%. The ex-dividend date is Wednesday, January 15th.

Diversified Royalty Price Performance

TSE DIV opened at C$2.92 on Monday. Diversified Royalty has a 52 week low of C$2.61 and a 52 week high of C$3.09. The firm has a market capitalization of C$483.11 million, a P/E ratio of 13.90 and a beta of 1.57. The company has a quick ratio of 1.74, a current ratio of 5.73 and a debt-to-equity ratio of 89.69. The company has a 50-day moving average price of C$2.97 and a 200-day moving average price of C$2.90.

Wall Street Analysts Forecast Growth

DIV has been the subject of several research reports. Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the company a “buy” rating in a research report on Tuesday, September 24th. Ventum Cap Mkts raised shares of Diversified Royalty to a “strong-buy” rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.80.

Diversified Royalty Company Profile

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.