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

Diversified Royalty logo with Industrials background

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

Dividend History for Diversified Royalty (TSE:DIV)

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