Diversified Royalty (TSE:DIV) Raised to Moderate Buy at Desjardins

Desjardins upgraded shares of Diversified Royalty (TSE:DIV) to a moderate buy rating in a research note published on Tuesday morning,Zacks.com reports.

Diversified Royalty Stock Performance

Diversified Royalty stock opened at C$2.83 on Tuesday. Diversified Royalty has a 12-month low of C$2.50 and a 12-month high of C$3.09. The stock has a 50-day simple moving average of C$2.86 and a 200 day simple moving average of C$2.92. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70. The stock has a market capitalization of C$432.65 million, a price-to-earnings ratio of 14.77 and a beta of 1.57.

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 paid a dividend of $0.0208 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.25 annualized dividend and a dividend yield of 8.82%. Diversified Royalty’s dividend payout ratio (DPR) is currently 130.49%.

About Diversified Royalty

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.