Diversified Royalty Corp. (DIV) to Issue Monthly Dividend of $0.02 on April 29th

Diversified Royalty Corp. (TSE:DIVGet Rating) announced a monthly dividend on Wednesday, April 13th, TickerTech reports. Investors of record on Friday, April 29th will be paid a dividend of 0.0183 per share on Friday, April 29th. This represents a $0.22 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Wednesday, April 13th.

Shares of Diversified Royalty stock traded down C$0.05 during trading on Monday, reaching C$3.10. The company had a trading volume of 467,383 shares, compared to its average volume of 364,212. The company has a market cap of C$379.93 million and a price-to-earnings ratio of 16.42. The firm’s fifty day moving average is C$3.10 and its 200-day moving average is C$2.92. The company has a debt-to-equity ratio of 89.11, a quick ratio of 0.23 and a current ratio of 0.23. Diversified Royalty has a fifty-two week low of C$2.42 and a fifty-two week high of C$3.39.

Separately, CIBC cut shares of Diversified Royalty from an “outperform” rating to a “neutral” rating and set a C$3.25 target price for the company. in a report on Friday.

Diversified Royalty Company Profile (Get Rating)

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 Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, and Oxford Learning Centres trademarks. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp.

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Dividend History for Diversified Royalty (TSE:DIV)

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