Diversified Royalty Corp (DIV) to Issue Monthly Dividend of $0.02 on November 29th

Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Thursday, November 14th, TickerTech reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.0185 per share on Friday, November 29th. This represents a $0.22 annualized dividend and a dividend yield of 7.03%. The ex-dividend date is Thursday, November 14th.

Shares of Diversified Royalty stock traded up C$0.02 during trading on Tuesday, hitting C$3.16. 283,932 shares of the stock were exchanged, compared to its average volume of 164,648. The stock has a market capitalization of $344.79 million and a price-to-earnings ratio of 31.60. The company has a fifty day moving average price of C$2.85 and a 200-day moving average price of C$2.97. Diversified Royalty has a 1-year low of C$2.55 and a 1-year high of C$3.28. The company has a current ratio of 7.58, a quick ratio of 7.56 and a debt-to-equity ratio of 70.63.

Separately, CIBC reiterated an “outperform” rating and issued a C$4.00 price target on shares of Diversified Royalty in a research note on Tuesday, November 5th.

Diversified Royalty Company Profile

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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