Diversified Royalty Corp. (TSE:DIV) Shareholders to Collect $0.02 Monthly Dividend

Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0238 per share on Friday, October 30th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Thursday, October 15th.

Diversified Royalty Price Performance

TSE:DIV opened at C$4.08 on Tuesday. The business’s fifty day moving average price is C$4.17 and its 200 day moving average price is C$4.39. The firm has a market capitalization of C$770.12 million, a price-to-earnings ratio of 24.00 and a beta of 0.95. The company has a current ratio of 0.49, a quick ratio of 1.74 and a debt-to-equity ratio of 212.48. Diversified Royalty has a 1-year low of C$3.41 and a 1-year high of C$4.98.

Diversified Royalty (TSE:DIV – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. Diversified Royalty had a return on equity of 10.39% and a net margin of 39.72%. The firm had revenue of C$19.48 million during the quarter. On average, sell-side analysts forecast that Diversified Royalty will post 0.20 earnings per share for the current fiscal year.

Insider Buying and Selling at Diversified Royalty

In other news, insider Sean Morrison bought 12,626 shares of the stock in a transaction on Friday, August 14th. The shares were purchased at an average price of C$4.02 per share, for a total transaction of C$50,756.52. Following the completion of the purchase, the insider directly owned 771,648 shares of the company’s stock, valued at C$3,102,024.96. This trade represents a 1.66% increase in their position. Also, Director Johnny Ciampi bought 100,000 shares of the stock in a transaction on Friday, August 14th. The stock was purchased at an average price of C$3.99 per share, for a total transaction of C$399,000.00. Following the purchase, the director directly 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. 0.52% of the stock is currently owned by company insiders.

Diversified Royalty Company Profile

(Get Free Report)

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV, through its subsidiary, Mr. Lube Canada Ltd., also operates the Mr. Lube + Tires franchisor business in Canada. Mr. Lube + Tires is the leading Canadian automotive service chain specializing in fast, drive-in drive-through, no-appointment-needed vehicle maintenance.

Further Reading

Dividend History for Diversified Royalty (TSE:DIV)

Receive News & Ratings for Diversified Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversified Royalty and related companies with MarketBeat.com's FREE daily email newsletter.