Diversified Royalty Corp. (TSE:DIV – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.75 and traded as high as C$2.75. Diversified Royalty shares last traded at C$2.75, with a volume of 87,490 shares trading hands.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. CIBC cut Diversified Royalty from an “outperform” rating to a “neutral” rating in a report on Monday, May 13th. Cibc World Mkts lowered shares of Diversified Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th.
Get Our Latest Research Report on Diversified Royalty
Diversified Royalty Stock Performance
Diversified Royalty (TSE:DIV – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.01. The business had revenue of C$15.08 million for the quarter, compared to the consensus estimate of C$16.06 million. Diversified Royalty had a return on equity of 12.42% and a net margin of 54.93%. As a group, sell-side analysts anticipate that Diversified Royalty Corp. will post 0.1900883 EPS for the current fiscal year.
Diversified Royalty Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 31st will be issued a $0.021 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.25 annualized dividend and a dividend yield of 9.16%. Diversified Royalty’s dividend payout ratio is currently 113.64%.
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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