Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Wednesday, July 15th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be given a dividend of 0.0238 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, July 15th.
Diversified Royalty Price Performance
Diversified Royalty stock traded down C$0.03 during mid-day trading on Monday, hitting C$4.59. The stock had a trading volume of 229,631 shares, compared to its average volume of 411,996. The firm’s 50 day moving average is C$4.66 and its 200 day moving average is C$4.27. The firm has a market capitalization of C$858.55 million, a P/E ratio of 22.95 and a beta of 1.11. Diversified Royalty has a one year low of C$3.20 and a one year high of C$4.98. The company has a current ratio of 2.84, a quick ratio of 1.74 and a debt-to-equity ratio of 103.05.
Diversified Royalty (TSE:DIV – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.04 earnings per share for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%.The firm had revenue of C$18.80 million during the quarter. On average, sell-side analysts forecast that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.
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.
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