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

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Monday, December 15th, TickerTech Dividends reports. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.0238 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, December 15th. This is a 3.9% increase from Diversified Royalty’s previous monthly dividend of $0.02.

Diversified Royalty Price Performance

Shares of TSE:DIV traded up C$0.01 during trading on Friday, reaching C$3.80. 190,249 shares of the company’s stock traded hands, compared to its average volume of 301,965. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70. Diversified Royalty has a fifty-two week low of C$2.50 and a fifty-two week high of C$3.82. The company has a 50-day simple moving average of C$3.58 and a 200-day simple moving average of C$3.42. The firm has a market cap of C$647.04 million, a PE ratio of 22.35 and a beta of 0.96.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.05 earnings per share (EPS) for the quarter. Diversified Royalty had a return on equity of 11.46% and a net margin of 49.25%.The company had revenue of C$19.59 million for the quarter. As a group, analysts predict that Diversified Royalty will post 0.2 earnings per share for the current year.

Analysts Set New Price Targets

Separately, CIBC lifted their price target on shares of Diversified Royalty from C$3.50 to C$4.00 in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$3.87.

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.