Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.0208 per share on Friday, January 31st. This represents a $0.25 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date of this dividend is Wednesday, January 15th.
Diversified Royalty Stock Performance
TSE DIV traded down C$0.03 during trading on Monday, reaching C$2.89. The company's stock had a trading volume of 192,305 shares, compared to its average volume of 210,730. The firm has a 50 day moving average price of C$2.97 and a 200 day moving average price of C$2.90. The firm has a market capitalization of C$478.15 million, a price-to-earnings ratio of 13.76 and a beta of 1.57. The company has a current ratio of 5.73, a quick ratio of 1.74 and a debt-to-equity ratio of 89.69. Diversified Royalty has a 12 month low of C$2.61 and a 12 month high of C$3.09.
Wall Street Analyst Weigh In
Several brokerages have recently commented on DIV. Ventum Cap Mkts upgraded shares of Diversified Royalty to a "strong-buy" rating in a research report on Tuesday, September 24th. Ventum Financial set a C$4.00 price objective on shares of Diversified Royalty and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$3.80.
Check Out Our Latest Report on Diversified Royalty
Diversified Royalty Company Profile
(
Get Free Report)
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.
See Also
Before you consider Diversified Royalty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diversified Royalty wasn't on the list.
While Diversified Royalty currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.