Diversified Royalty Corp. (TSE:DIV - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.98 and traded as high as C$3.02. Diversified Royalty shares last traded at C$2.98, with a volume of 175,972 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on DIV. Ventum Financial set a C$4.00 target price on Diversified Royalty and gave the company a "buy" rating in a report on Tuesday, September 24th. Ventum Cap Mkts raised shares of Diversified Royalty to a "strong-buy" rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Diversified Royalty currently has an average rating of "Moderate Buy" and a consensus price target of C$3.80.
Read Our Latest Stock Analysis on DIV
Diversified Royalty Price Performance
The stock has a market capitalization of C$494.70 million, a PE ratio of 14.19 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. The firm's 50-day moving average price is C$2.99 and its 200-day moving average price is C$2.85.
Diversified Royalty Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be paid a $0.021 dividend. This represents a $0.25 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend is Friday, November 15th. Diversified Royalty's payout ratio is 119.05%.
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.
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