Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.0238 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th.
Diversified Royalty Price Performance
Shares of Diversified Royalty stock traded up C$0.04 during trading on Friday, reaching C$4.70. 326,066 shares of the stock traded hands, compared to its average volume of 385,856. The company has a market capitalization of C$804.96 million, a price-to-earnings ratio of 23.50 and a beta of 1.06. The business has a fifty day simple moving average of C$4.47 and a two-hundred day simple moving average of C$4.11. The company has a debt-to-equity ratio of 103.05, a current ratio of 2.84 and a quick ratio of 1.74. Diversified Royalty has a 52-week low of C$2.87 and a 52-week high of C$4.93.
Diversified Royalty (TSE:DIV – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. The company had revenue of C$18.80 million during the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. Sell-side analysts expect that Diversified Royalty will post 0.2 EPS for the current year.
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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.
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