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 given 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 Stock Performance
Shares of DIV opened at C$4.08 on Tuesday. The company has a debt-to-equity ratio of 212.48, a current ratio of 0.49 and a quick ratio of 1.74. Diversified Royalty has a one year low of C$3.41 and a one year high of C$4.98. The firm has a market capitalization of C$770.12 million, a P/E ratio of 24.00 and a beta of 0.95. The business has a fifty day moving average of C$4.17 and a 200 day moving average of C$4.39.
Diversified Royalty (TSE:DIV – Get Free Report) last posted 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 company had revenue of C$19.48 million during the quarter. As a group, sell-side analysts anticipate that Diversified Royalty will post 0.20 EPS for the current year.
Diversified Royalty Company Profile
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.
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