Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Friday, November 13th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.0238 per share on Monday, November 30th. This represents a $0.29 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, November 13th.
Diversified Royalty Stock Down 0.9%
Shares of DIV stock traded down C$0.03 during trading hours on Wednesday, reaching C$3.49. 259,468 shares of the stock were exchanged, compared to its average volume of 479,251. The business’s fifty day moving average is C$4.06 and its two-hundred day moving average is C$4.28. The company has a debt-to-equity ratio of 177.18, a current ratio of 0.58 and a quick ratio of 1.74. Diversified Royalty has a 12-month low of C$3.42 and a 12-month high of C$4.98. The firm has a market capitalization of C$658.76 million, a P/E ratio of 20.53 and a beta of 0.90.
Diversified Royalty (TSE:DIV – Get Free Report) last issued its quarterly earnings results on Saturday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter. Diversified Royalty had a net margin of 30.10% and a return on equity of 8.78%. The company had revenue of C$31.53 million during the quarter. As a group, research analysts expect that Diversified Royalty will post 0.20 EPS for the current fiscal year.
About Diversified Royalty
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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