Diversified Royalty Corp. (DIV) To Go Ex-Dividend on June 15th

Diversified Royalty Corp. (TSE:DIV) declared a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.0238 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th.

Diversified Royalty Stock Up 0.9%

Shares of TSE DIV traded up C$0.04 during mid-day trading on Friday, reaching C$4.70. 326,066 shares of the company traded hands, compared to its average volume of 385,856. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84. The stock has a market cap of C$804.96 million, a PE ratio of 23.50 and a beta of 1.06. The company’s fifty day moving average is C$4.47 and its two-hundred day moving average is C$4.11. Diversified Royalty has a fifty-two week low of C$2.87 and a fifty-two week high of C$4.93.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$18.80 million for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. On average, analysts expect that Diversified Royalty will post 0.2 earnings per share for the current year.

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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.