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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, November 13th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.0238 per share on Monday, November 30th. This represents a $0.29 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, November 13th.

Diversified Royalty Price Performance

Shares of TSE:DIV traded up C$0.01 on Wednesday, hitting C$3.53. The stock had a trading volume of 153,765 shares, compared to its average volume of 478,861. The firm’s 50 day moving average price is C$4.06 and its 200-day moving average price is C$4.28. Diversified Royalty has a twelve month low of C$3.42 and a twelve month high of C$4.98. The company has a market capitalization of C$666.31 million, a price-to-earnings ratio of 20.76 and a beta of 0.90. The company has a debt-to-equity ratio of 177.18, a quick ratio of 1.74 and a current ratio of 0.58.

Diversified Royalty (TSE:DIV) last announced its earnings results on Saturday, November 7th. The company reported C$0.03 EPS for the quarter. The company had revenue of C$31.53 million for the quarter. Diversified Royalty had a return on equity of 8.78% and a net margin of 30.10%. On average, equities research analysts predict that Diversified Royalty will post 0.20 earnings per share for the current year.

About Diversified Royalty

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV, through its subsidiary, Mr. Lube Canada Ltd., also operates the Mr. Lube + Tires franchisor business in Canada. Mr. Lube + Tires is the leading Canadian automotive service chain specializing in fast, drive-in drive-through, no-appointment-needed vehicle maintenance.