Diversified Royalty Corp. (TSE:DIV - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as C$2.50 and last traded at C$2.73, with a volume of 848831 shares traded. The stock had previously closed at C$2.79.
Diversified Royalty Stock Performance
The firm has a 50 day simple moving average of C$2.90 and a 200-day simple moving average of C$2.91. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74. The company has a market cap of C$461.61 million, a price-to-earnings ratio of 13.29 and a beta of 1.57.
Diversified Royalty (TSE:DIV - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. During the same period in the prior year, the firm posted $0.05 earnings per share. As a group, analysts predict that Diversified Royalty Corp. will post 0.2 EPS for the current fiscal year.
Diversified Royalty Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a dividend of $0.0208 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.25 dividend on an annualized basis and a yield of 8.95%. Diversified Royalty's dividend payout ratio (DPR) is presently 119.05%.
About Diversified Royalty
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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.
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