Diversified Royalty Corp. (TSE:DIV – Get Free Report) announced a monthly dividend on Friday, December 13th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.0208 per share on Tuesday, December 31st. This represents a $0.25 annualized dividend and a dividend yield of 8.32%. The ex-dividend date is Friday, December 13th.
Diversified Royalty Trading Down 0.3 %
Shares of Diversified Royalty stock traded down C$0.01 during trading on Wednesday, hitting C$3.00. The stock had a trading volume of 69,214 shares, compared to its average volume of 225,463. The stock has a market cap of C$496.35 million, a PE ratio of 14.29 and a beta of 1.57. Diversified Royalty has a 12 month low of C$2.61 and a 12 month high of C$3.09. The firm’s fifty day simple moving average is C$3.01 and its 200-day simple moving average is C$2.86. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74.
Analyst Ratings Changes
DIV has been the topic of several recent analyst reports. Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ventum Cap Mkts raised shares of Diversified Royalty to a “strong-buy” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Diversified Royalty currently has a consensus rating of “Moderate Buy” and an average price target of C$3.80.
Diversified Royalty Company Profile
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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