Diversified Royalty (TSE:DIV) PT Set at C$3.75 by Desjardins

Desjardins set a C$3.75 target price on Diversified Royalty (TSE:DIV) in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Diversified Royalty Trading Up 0.4 %

Shares of DIV opened at C$2.83 on Wednesday. The business’s 50-day moving average price is C$2.86 and its 200-day moving average price is C$2.92. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.09. The stock has a market cap of C$432.65 million, a PE ratio of 14.77 and a beta of 1.57. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70.

Diversified Royalty Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0208 per share. This represents a $0.25 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend is Friday, February 14th. Diversified Royalty’s dividend payout ratio is presently 130.49%.

Diversified Royalty Company Profile

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.