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

Diversified Royalty Corp. (TSE:DIV - Get Free Report) declared a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.0208 per share on Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date of this dividend is Friday, February 14th.

Diversified Royalty Stock Performance

Shares of DIV traded down C$0.03 during trading hours on Friday, hitting C$2.82. The stock had a trading volume of 148,601 shares, compared to its average volume of 253,204. The firm has a 50-day moving average price of C$2.88 and a 200 day moving average price of C$2.91. Diversified Royalty has a fifty-two week low of C$2.50 and a fifty-two week high of C$3.09. The firm has a market capitalization of C$431.12 million, a price-to-earnings ratio of 14.72 and a beta of 1.57. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28.

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.