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

Diversified Royalty Corp. (TSE:DIV) announced a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.0208 per share on Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 8.79%. The ex-dividend date is Friday, February 14th.

Diversified Royalty Stock Performance

Shares of DIV stock remained flat at C$2.84 during trading hours on Wednesday. 15,050 shares of the company were exchanged, compared to its average volume of 251,021. The company has a market cap of C$469.88 million, a price-to-earnings ratio of 13.52 and a beta of 1.57. Diversified Royalty has a 52-week low of C$2.50 and a 52-week high of C$3.09. The stock’s 50-day moving average is C$2.89 and its 200-day moving average is C$2.91. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74.

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.