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

Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Tuesday, May 14th, TickerTech reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.0185 per share on Friday, May 31st. This represents a $0.22 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend is Tuesday, May 14th.

Shares of TSE:DIV opened at C$3.16 on Friday. Diversified Royalty has a 52-week low of C$2.55 and a 52-week high of C$3.28. The firm has a market capitalization of $342.55 million and a PE ratio of 35.11. The company has a current ratio of 54.69, a quick ratio of 54.62 and a debt-to-equity ratio of 61.85.

Diversified Royalty (TSE:DIV) last released its earnings results on Monday, March 11th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$7.17 million for the quarter, compared to analysts’ expectations of C$7.22 million. On average, equities analysts anticipate that Diversified Royalty will post 0.19 EPS for the current fiscal year.

Separately, Pi Financial lowered their target price on Diversified Royalty from C$4.25 to C$4.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th.

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About Diversified Royalty

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.

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Dividend History for Diversified Royalty (TSE:DIV)

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