Should I buy or sell Diversified Royalty stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diversified Royalty in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DIV shares. View DIV analyst ratings or view top-rated stocks .

What is Diversified Royalty's stock price target for 2024?

4 brokers have issued 1 year price targets for Diversified Royalty's stock. Their DIV share price targets range from C$3.00 to C$4.50. On average, they expect the company's stock price to reach C$3.73 in the next year. This suggests a possible upside of 33.0% from the stock's current price. View analysts price targets for DIV or view top-rated stocks among Wall Street analysts .

How have DIV shares performed in 2024?

Diversified Royalty's stock was trading at C$2.73 at the start of the year. Since then, DIV shares have increased by 2.6% and is now trading at C$2.80. View the best growth stocks for 2024 here .

When is Diversified Royalty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our DIV earnings forecast .

How were Diversified Royalty's earnings last quarter?

Diversified Royalty Corp. (TSE:DIV) posted its quarterly earnings data on Thursday, March, 21st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $16.39 million for the quarter, compared to analyst estimates of $16.84 million. Diversified Royalty had a net margin of 56.15% and a trailing twelve-month return on equity of 13.46%.

How often does Diversified Royalty pay dividends? What is the dividend yield for Diversified Royalty?

Diversified Royalty declared a monthly dividend on Wednesday, April 3rd. Investors of record on Monday, April 15th will be given a dividend of 0.021 per share on Tuesday, April 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Friday, April 12th. Read our dividend analysis for DIV .

Is Diversified Royalty a good dividend stock?

Diversified Royalty (TSE:DIV) pays an annual dividend of C$0.25 per share and currently has a dividend yield of 8.59%. DIV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.64%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for DIV .

What other stocks do shareholders of Diversified Royalty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Diversified Royalty investors own include Bombardier, Inc. Class B (BBD.B) , Whitecap Resources (WCP) , American Hotel Income Properties REIT (HOT.UN) , TransAlta Renewables (RNW) , Slate Office REIT (SOT.UN) , Pembina Pipeline (PPL) , Vermilion Energy (VET) , Athabasca Oil (ATH) and Enbridge (ENB) .

How do I buy shares of Diversified Royalty?

Shares of DIV stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:DIV

Diversified Royalty (DIV) Stock Price, News & Analysis

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C$2.80

-0.01 (-0.36%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$2.80
▼
C$2.84
50-Day Range: C$2.72
▼
C$2.92
52-Week Range: C$2.35
▼
C$3.07

Volume: 161,142 shs
Average Volume: 245,980 shs
Market Capitalization: C$460.57 million

P/E Ratio: 12.73
Dividend Yield: 8.93%
Price Target: C$3.73

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Diversified Royalty alerts:

Diversified Royalty MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 33.0% Upside
C$3.73 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.64
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.37 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Diversified Royalty has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Diversified Royalty has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for DIV.

1.7

Dividend Strength

Dividend Leadership
Diversified Royalty is a leading dividend payer. It pays a dividend yield of 8.59%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Diversified Royalty does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Diversified Royalty is 113.64%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DIV.

2.6

News and Social Media Coverage

News Sentiment
Diversified Royalty has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Diversified Royalty this week, compared to 2 articles on an average week.
Search Interest
Only 7 people have searched for DIV on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
MarketBeat Follows
3 people have added Diversified Royalty to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Diversified Royalty insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.50% of the stock of Diversified Royalty is held by insiders.
Percentage Held by Institutions
Only 14.96% of the stock of Diversified Royalty is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Diversified Royalty is 12.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Diversified Royalty is 12.73, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 403.92.
Price to Book Value per Share Ratio
Diversified Royalty has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Diversified Royalty Stock (TSE: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. The company was formerly known as BENEV Capital Inc. and changed its name to Diversified Royalty Corp. in September 2014. Diversified Royalty Corp. was founded in 1960 and is headquartered in Vancouver, Canada.

DIV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DIV Stock News Headlines

April 13, 2024 | americanbankingnews.com

Diversified Royalty (TSE:DIV) Stock Price Crosses Above Fifty Day Moving Average of $2.84

April 12, 2024 | msn.com

2 Energy Stocks to Buy Hand Over Fist in April

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Top 5 Gold Stocks on the TSX in 2024

April 9, 2024 | finance.yahoo.com

Electric Royalties Signs Asset Purchase Agreement To Acquire Lithium Royalty and Option Portfolio

April 8, 2024 | msn.com

Diversify your portfolio: 13 rappers in real estate

April 8, 2024 | msn.com

Westgold to acquire Karora Resources in Canada

April 7, 2024 | finance.yahoo.com

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.0208

April 19, 2024 | InvestorPlace (Ad)

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INFL: For Re-Accelerating Inflation

March 28, 2024 | ca.finance.yahoo.com

2 Stocks Under $50 New Investors Can Confidently Buy

March 27, 2024 | ca.finance.yahoo.com

This 8.6% Dividend Stock Pays Cash Every Month

March 24, 2024 | seekingalpha.com

Franco-Nevada: Forget Volatile Miners - This Is How To Win With Gold

March 13, 2024 | finance.yahoo.com

When Should You Buy Diversified Royalty Corp. (TSE:DIV)?

March 6, 2024 | investing.com

Diversified Royalty Corp (DIV)

March 1, 2024 | finance.yahoo.com

Royalty Management Holding Corporation’s Titanium Dioxide, Iron Ore and Vanadium Royalty Project Commences Final Permitting Process

February 29, 2024 | finanznachrichten.de

Electric Royalties Ltd.: Electric Royalties Provides Six Updates on Its Nickel, Graphite, Lithium, and Manganese Royalties

February 27, 2024 | finanznachrichten.de

Empress Royalty Corp.: Empress Royalty Closes and Fully Funds Gold Stream on Galaxy Mine

February 23, 2024 | markets.businessinsider.com

Diversified Royalty Corp. Announces Closing of $54.0 Million Bought Deal Public Offering of Common Shares

February 23, 2024 | theglobeandmail.com

Closing Bell: Diversified Royalty Corp 6.00 Pct Debs up on Thursday (DIV-DB-A)

February 16, 2024 | ca.finance.yahoo.com

Q4 2023 Royalty Pharma PLC Earnings Call

February 5, 2024 | finance.yahoo.com

Trident Royalties PLC Announces Q4 2023 Activities Update

February 1, 2024 | finance.yahoo.com

Nations Royalty Established to Unite First Nations & Indigenous Groups as Shareholders in New Growth-Oriented Public Company

January 31, 2024 | msn.com

3 Dividend Stocks Yielding Over 7% to Buy Right Now

January 30, 2024 | wsj.com

Diversified Royalty Corp.

January 23, 2024 | businesswire.com

Altius Reports Q4 2023 and Full Year 2023 Expected Attributable Royalty Revenue (1)

January 23, 2024 | financialpost.com

Altius Reports Q4 2023 and Full Year 2023 Expected Attributable Royalty Revenue(1)

See More Headlines

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Company Calendar

Ex-Dividend for 3/28 Dividend: 3/14/2024
Last Earnings: 3/21/2024
Dividend Payable: 3/28/2024
Ex-Dividend for 4/30 Dividend: 4/12/2024
Today: 4/18/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/08/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Industrials
Industry: Conglomerates
Sub-Industry: N/A
Current Symbol: TSE:DIV
Previous Symbol: TSE:BEV
CUSIP: N/A
CIK: N/A
Web: diversifiedroyaltycorp.com
Phone: +1-604-2353146
Fax: N/A
Employees: 39
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$3.73
High Stock Price Target: C$4.50
Low Stock Price Target: C$3.00
Potential Upside/Downside: +33.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.22
Trailing P/E Ratio: 12.73
Forward P/E Ratio: 15.55
P/E Growth: N/A
Net Income: C$31.72 million
Net Margins: 56.15%
Pretax Margin: N/A
Return on Equity: 13.46%
Return on Assets: 6.18%

Debt

Debt-to-Equity Ratio: 128.77
Current Ratio: 0.69
Quick Ratio: 1.74

Sales & Book Value

Annual Sales: C$56.49 million
Price / Sales: 8.15
Cash Flow: C$0.07 per share
Price / Cash Flow: 41.10
Book Value: C$1.65 per share
Price / Book: 1.70

Miscellaneous

Outstanding Shares: 164,490,000
Free Float: N/A
Market Cap: C$460.57 million
Optionable: Not Optionable
Beta: 1.58

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Key Executives

Mr. Sean Morrison C.A. (Age 54)
CPA, President & CEO
Comp: $1.19M
Mr. Greg Gutmanis
CFO, VP of Acquisitions & Corporate Secretary
Ms. Abigail Meana
Corporate Controller
Mr. Adrian Law
Corporate Controller

Key Competitors

View All Competitors

DIV Stock Analysis - Frequently Asked Questions

Should I buy or sell Diversified Royalty stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diversified Royalty in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DIV shares.
View DIV analyst ratings or view top-rated stocks.
What is Diversified Royalty's stock price target for 2024?: 4 brokers have issued 1 year price targets for Diversified Royalty's stock. Their DIV share price targets range from C$3.00 to C$4.50. On average, they expect the company's stock price to reach C$3.73 in the next year. This suggests a possible upside of 33.0% from the stock's current price.
View analysts price targets for DIV or view top-rated stocks among Wall Street analysts.
How have DIV shares performed in 2024?: Diversified Royalty's stock was trading at C$2.73 at the start of the year. Since then, DIV shares have increased by 2.6% and is now trading at C$2.80.
View the best growth stocks for 2024 here.
When is Diversified Royalty's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our DIV earnings forecast.
How were Diversified Royalty's earnings last quarter?: Diversified Royalty Corp. (TSE:DIV) posted its quarterly earnings data on Thursday, March, 21st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $16.39 million for the quarter, compared to analyst estimates of $16.84 million. Diversified Royalty had a net margin of 56.15% and a trailing twelve-month return on equity of 13.46%.

How often does Diversified Royalty pay dividends? What is the dividend yield for Diversified Royalty?: Diversified Royalty declared a monthly dividend on Wednesday, April 3rd. Investors of record on Monday, April 15th will be given a dividend of 0.021 per share on Tuesday, April 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Friday, April 12th.
Read our dividend analysis for DIV.
Is Diversified Royalty a good dividend stock?: Diversified Royalty (TSE:DIV) pays an annual dividend of C$0.25 per share and currently has a dividend yield of 8.59%. DIV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.64%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for DIV.
What other stocks do shareholders of Diversified Royalty own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Diversified Royalty investors own include Bombardier, Inc. Class B (BBD.B), Whitecap Resources (WCP), American Hotel Income Properties REIT (HOT.UN), TransAlta Renewables (RNW), Slate Office REIT (SOT.UN), Pembina Pipeline (PPL), Vermilion Energy (VET), Athabasca Oil (ATH) and Enbridge (ENB).
How do I buy shares of Diversified Royalty?: Shares of DIV stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:DIV) was last updated on 4/19/2024 by MarketBeat.com Staff

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Diversified Royalty (DIV) Stock Price, News & Analysis

Diversified Royalty MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Diversified Royalty Stock (TSE:DIV)

DIV Stock Price History

DIV Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

DIV Stock Analysis - Frequently Asked Questions

Overall MarketRank^™