Diversified Royalty (DIV) Scheduled to Post Quarterly Earnings on Thursday

Diversified Royalty (TSE:DIV) will be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Diversified Royalty to post earnings of C$0.04 per share for the quarter.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings results on Thursday, March 21st. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.01. The business had revenue of C$16.39 million during the quarter, compared to the consensus estimate of C$16.84 million. Diversified Royalty had a net margin of 56.15% and a return on equity of 13.46%.

Diversified Royalty Stock Performance

TSE:DIV opened at C$2.86 on Wednesday. The firm has a market cap of C$470.93 million, a PE ratio of 13.00 and a beta of 1.58. Diversified Royalty has a fifty-two week low of C$2.35 and a fifty-two week high of C$3.07. The company has a debt-to-equity ratio of 128.77, a quick ratio of 1.74 and a current ratio of 0.69. The business has a 50 day moving average price of C$2.85 and a 200-day moving average price of C$2.74.

Diversified Royalty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date is Tuesday, May 14th. Diversified Royalty’s payout ratio is currently 113.64%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIV. Cormark reduced their price objective on Diversified Royalty from C$4.25 to C$4.00 in a research report on Monday, February 26th. Raymond James set a C$3.40 price target on shares of Diversified Royalty and gave the stock an “outperform” rating in a research note on Thursday, February 8th.

About Diversified Royalty

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.