FY2024 Earnings Forecast for TSE:DIV Issued By Desjardins

Diversified Royalty Corp. (TSE:DIV) – Equities researchers at Desjardins issued their FY2024 earnings estimates for shares of Diversified Royalty in a research report issued on Tuesday, February 25th. Desjardins analyst G. Ho expects that the company will post earnings per share of $0.18 for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.20 per share. Desjardins also issued estimates for Diversified Royalty’s Q4 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.04 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $0.20 EPS, FY2026 earnings at $0.21 EPS and FY2026 earnings at $0.21 EPS.

Diversified Royalty Stock Performance

TSE:DIV opened at C$2.81 on Friday. The company has a 50-day moving average price of C$2.85 and a 200-day moving average price of C$2.92. Diversified Royalty has a 12 month low of C$2.50 and a 12 month high of C$3.09. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70. The stock has a market cap of C$429.59 million, a price-to-earnings ratio of 14.67 and a beta of 1.57.

Diversified Royalty Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were given a $0.0208 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.25 annualized dividend and a dividend yield of 8.88%. Diversified Royalty’s dividend payout ratio is 130.49%.

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.