Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.0208 per share on Wednesday, April 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date is Tuesday, April 15th.
Diversified Royalty Stock Up 2.2 %
Shares of DIV stock opened at C$2.73 on Friday. Diversified Royalty has a 52-week low of C$2.50 and a 52-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 firm’s 50-day moving average is C$2.78 and its 200-day 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.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Desjardins set a C$3.75 price objective on Diversified Royalty and gave the company a “buy” rating in a research note on Wednesday, February 26th. CIBC increased their price target on Diversified Royalty from C$3.00 to C$3.10 and gave the company a “neutral” rating in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Diversified Royalty presently has a consensus rating of “Moderate Buy” and an average price target of C$3.62.
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.
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