Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Wednesday, October 2nd, Zacks reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.021 per share on Thursday, October 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Tuesday, October 15th.
Diversified Royalty Trading Up 0.3 %
Shares of DIV stock traded up C$0.01 during trading hours on Friday, hitting C$3.01. 217,045 shares of the company were exchanged, compared to its average volume of 236,413. Diversified Royalty has a 1 year low of C$2.35 and a 1 year high of C$3.01. The firm has a fifty day moving average of C$2.84 and a 200 day moving average of C$2.81. The firm has a market cap of C$498.00 million, a PE ratio of 14.29 and a beta of 1.56. The company has a quick ratio of 1.74, a current ratio of 5.73 and a debt-to-equity ratio of 89.69.
Diversified Royalty (TSE:DIV – Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. The company had revenue of C$16.78 million for the quarter, compared to analyst estimates of C$17.50 million. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. Analysts expect that Diversified Royalty will post 0.1950568 earnings per share for the current year.
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About Diversified Royalty
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.
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