Diversified Royalty Corp. (TSE:DIV - Get Free Report) announced a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.0208 per share on Wednesday, April 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date of this dividend is Tuesday, April 15th.
Diversified Royalty Stock Down 0.4 %
DIV traded down C$0.01 during trading on Tuesday, reaching C$2.75. 177,920 shares of the stock were exchanged, compared to its average volume of 292,815. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. The stock's 50 day moving average price is C$2.78 and its two-hundred day moving average price is C$2.89. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.09. The stock has a market cap of C$420.42 million, a P/E ratio of 14.35 and a beta of 1.57.
Wall Street Analyst Weigh In
DIV has been the subject of several recent analyst reports. Desjardins set a C$3.75 target price on shares of Diversified Royalty and gave the company a "buy" rating in a research note on Wednesday, February 26th. CIBC lifted their target price on Diversified Royalty from C$3.00 to C$3.10 and gave the stock a "neutral" rating in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$3.62.
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Diversified Royalty Company Profile
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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.
Further Reading
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