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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, November 15th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.021 per share on Friday, November 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, November 15th.

Diversified Royalty Stock Up 0.3 %

DIV traded up C$0.01 during trading on Thursday, hitting C$3.06. The company had a trading volume of 97,376 shares, compared to its average volume of 231,622. The company has a market cap of C$506.28 million, a PE ratio of 14.48 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74. Diversified Royalty has a 1-year low of C$2.52 and a 1-year high of C$3.09. The business has a 50-day moving average of C$2.97 and a 200-day moving average of C$2.84.

Analysts Set New Price Targets

DIV has been the topic of a number of recent research reports. Ventum Cap Mkts raised shares of Diversified Royalty to a “strong-buy” rating in a report on Tuesday, September 24th. Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the company a “buy” rating in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.