Diversified Royalty (TSE:DIV) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Diversified Royalty Corp. (TSE:DIV - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.89 and traded as low as C$2.79. Diversified Royalty shares last traded at C$2.81, with a volume of 157,524 shares traded.

Diversified Royalty Price Performance

The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. The firm has a market capitalization of C$431.12 million, a P/E ratio of 14.72 and a beta of 1.57. The firm's 50 day simple moving average is C$2.88 and its two-hundred day simple moving average is C$2.91.

Diversified Royalty Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 28th will be given a $0.0208 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend is Friday, February 14th. Diversified Royalty's payout ratio is 130.49%.

Diversified Royalty Company Profile

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.