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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.0208 per share on Tuesday, December 31st. This represents a $0.25 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend is Friday, December 13th.

Diversified Royalty Stock Performance

DIV stock traded down C$0.01 during trading on Wednesday, reaching C$3.00. The company had a trading volume of 69,214 shares, compared to its average volume of 225,463. The firm has a 50-day simple moving average of C$3.01 and a 200-day simple moving average of C$2.86. The company has a market cap of C$496.35 million, a price-to-earnings ratio of 14.29 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73. Diversified Royalty has a twelve month low of C$2.61 and a twelve month high of C$3.09.

Analysts Set New Price Targets

A number of research firms recently commented on DIV. Ventum Cap Mkts upgraded shares of Diversified Royalty to a “strong-buy” rating in a research note on Tuesday, September 24th. Ventum Financial set a C$4.00 price objective on shares of Diversified Royalty and gave the company a “buy” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$3.80.

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.