Diversified Royalty Corp. (DIV) To Go Ex-Dividend on February 14th

Diversified Royalty Corp. (TSE:DIVGet Free Report) announced a monthly dividend on Wednesday, February 14th, Zacks reports. Stockholders of record on Thursday, February 29th will be given a dividend of 0.02 per share on Thursday, February 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date is Wednesday, February 14th.

Diversified Royalty Stock Up 0.7 %

DIV opened at C$2.87 on Monday. Diversified Royalty has a fifty-two week low of C$2.35 and a fifty-two week high of C$3.40. The business has a 50-day moving average of C$2.75 and a 200-day moving average of C$2.71. The company has a debt-to-equity ratio of 87.08, a current ratio of 1.39 and a quick ratio of 1.74. The company has a market capitalization of C$412.02 million, a PE ratio of 23.92 and a beta of 1.56.

Analyst Ratings Changes

Separately, Raymond James set a C$3.40 price objective on Diversified Royalty and gave the company an “outperform” rating in a report on Thursday.

Read Our Latest Stock Analysis on DIV

About Diversified Royalty

(Get Free Report)

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Stratus Building Solutions, Nurse Next Door, and Oxford Learning Centres trademarks. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp.

Further Reading

Dividend History for Diversified Royalty (TSE:DIV)

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