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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Investors of record on Friday, February 28th will be paid a dividend of 0.0208 per share on Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 8.82%. The ex-dividend date is Friday, February 14th.

Diversified Royalty Stock Performance

TSE DIV traded down C$0.01 during trading on Wednesday, hitting C$2.83. 16,855 shares of the company’s stock traded hands, compared to its average volume of 251,144. The stock has a market capitalization of C$468.22 million, a price-to-earnings ratio of 13.48 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73. The business has a 50 day moving average of C$2.89 and a 200-day moving average of C$2.91. Diversified Royalty has a 12-month low of C$2.50 and a 12-month high of C$3.09.

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.