Diversified Royalty Corp. (TSE:DIV – Get Free Report) declared a monthly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.021 per share on Friday, May 31st. This represents a $0.25 annualized dividend and a yield of 8.87%. The ex-dividend date is Tuesday, May 14th.
Diversified Royalty Trading Up 1.4 %
Shares of TSE:DIV traded up C$0.04 during mid-day trading on Friday, reaching C$2.84. 186,238 shares of the company’s stock were exchanged, compared to its average volume of 232,257. The company has a debt-to-equity ratio of 128.77, a quick ratio of 1.74 and a current ratio of 0.69. Diversified Royalty has a twelve month low of C$2.35 and a twelve month high of C$3.07. The firm has a market capitalization of C$467.15 million, a price-to-earnings ratio of 12.91 and a beta of 1.58. The business’s fifty day moving average price is C$2.84 and its 200-day moving average price is C$2.74.
Diversified Royalty (TSE:DIV – Get Free Report) last announced its earnings results on Thursday, March 21st. The company reported C$0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.05 by C$0.01. Diversified Royalty had a return on equity of 13.46% and a net margin of 56.15%. The business had revenue of C$16.39 million during the quarter, compared to analyst estimates of C$16.84 million. On average, research analysts predict that Diversified Royalty will post 0.1800743 EPS for the current fiscal year.
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About Diversified Royalty
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 Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.
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