Diversified Royalty Corp. (DIV) To Go Ex-Dividend on September 15th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.0238 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Diversified Royalty Stock Up 0.7%

DIV stock traded up C$0.03 during trading on Friday, hitting C$4.11. 195,153 shares of the company’s stock traded hands, compared to its average volume of 475,856. The firm has a market capitalization of C$775.79 million, a P/E ratio of 24.18 and a beta of 1.06. Diversified Royalty has a 1 year low of C$3.41 and a 1 year high of C$4.98. The company has a quick ratio of 1.74, a current ratio of 0.49 and a debt-to-equity ratio of 212.48. The business has a fifty day simple moving average of C$4.36 and a two-hundred day simple moving average of C$4.40.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. Diversified Royalty had a net margin of 39.72% and a return on equity of 10.39%. The firm had revenue of C$19.48 million for the quarter. Sell-side analysts anticipate that Diversified Royalty will post 0.2 EPS for the current year.

Insider Activity at Diversified Royalty

In other news, Director Johnny Ciampi acquired 100,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was bought at an average price of C$3.99 per share, with a total value of C$399,000.00. Following the completion of the acquisition, the director owned 112,767 shares of the company’s stock, valued at approximately C$449,940.33. This represents a 783.27% increase in their ownership of the stock. Also, insider Sean Morrison acquired 12,626 shares of the business’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of C$4.02 per share, with a total value of C$50,756.52. Following the acquisition, the insider directly owned 771,648 shares of the company’s stock, valued at C$3,102,024.96. This represents a 1.66% increase in their position. Corporate insiders own 0.52% of the company’s stock.

About Diversified Royalty

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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.