Diversified Royalty Corp. (TSE:DIV) to Issue $0.02 Monthly Dividend

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Wednesday, July 15th, TickerTech Dividends reports. Shareholders of record on Friday, July 31st will be given a dividend of 0.0238 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Diversified Royalty Stock Performance

Shares of TSE:DIV opened at C$4.62 on Monday. The company has a 50 day moving average of C$4.66 and a 200-day moving average of C$4.27. The firm has a market cap of C$864.16 million, a P/E ratio of 23.10 and a beta of 1.11. Diversified Royalty has a twelve month low of C$3.20 and a twelve month high of C$4.98. The company has a current ratio of 2.84, a quick ratio of 1.74 and a debt-to-equity ratio of 103.05.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. Diversified Royalty had a net margin of 49.91% and a return on equity of 12.54%. The business had revenue of C$18.80 million for the quarter. As a group, analysts anticipate that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.