Diversified Royalty (TSE:DIV) Announces Earnings Results

Diversified Royalty (TSE:DIVGet Free Report) announced its earnings results on Thursday. The company reported C$0.04 earnings per share for the quarter, FiscalAI reports. Diversified Royalty had a net margin of 51.82% and a return on equity of 12.71%. The business had revenue of C$18.80 million during the quarter.

Diversified Royalty Price Performance

Shares of TSE:DIV traded down C$0.01 during trading on Friday, hitting C$4.31. 1,354,515 shares of the company’s stock were exchanged, compared to its average volume of 335,557. The business’s 50-day simple moving average is C$4.19 and its 200 day simple moving average is C$3.94. The company has a debt-to-equity ratio of 88.76, a current ratio of 0.68 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$4.42. The company has a market cap of C$737.05 million, a price-to-earnings ratio of 20.52 and a beta of 1.07.

Diversified Royalty Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a $0.0238 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. Diversified Royalty’s dividend payout ratio is 126.79%.

Analyst Upgrades and Downgrades

Separately, Desjardins raised their price objective on shares of Diversified Royalty from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$4.03.

View Our Latest Research Report on Diversified Royalty

About Diversified Royalty

(Get Free Report)

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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Earnings History for Diversified Royalty (TSE:DIV)

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