Diversified Royalty Corp. Declares Monthly Dividend of $0.02 (TSE:DIV)

Posted by Tammy Falkenburg on Apr 13th, 2025

Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.0208 per share on Wednesday, April 30th. This represents a $0.25 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date of this dividend is Tuesday, April 15th.

Diversified Royalty Stock Performance

Diversified Royalty stock opened at C$2.73 on Friday. Diversified Royalty has a fifty-two week low of C$2.50 and a fifty-two week high of C$3.09. The stock has a market cap of C$417.36 million, a price-to-earnings ratio of 14.25 and a beta of 1.57. The stock’s 50 day simple moving average is C$2.78 and its two-hundred day simple moving average is C$2.90. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DIV shares. CIBC upped their price target on Diversified Royalty from C$3.00 to C$3.10 and gave the stock a “neutral” rating in a research note on Tuesday, March 25th. Desjardins set a C$3.75 target price on shares of Diversified Royalty and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$3.62.

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About Diversified Royalty

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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.