Diversified Royalty (TSE:DIV) Shares Cross Below 50-Day Moving Average – Here’s Why

Posted by Jessica Moore on Feb 11th, 2025

Shares of Diversified Royalty Corp. (TSE:DIV – Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.89 and traded as low as C$2.79. Diversified Royalty shares last traded at C$2.81, with a volume of 157,524 shares trading hands.

Diversified Royalty Stock Up 0.7 %

The company’s 50-day moving average is C$2.89 and its 200 day moving average is C$2.91. The company has a market capitalization of C$464.91 million, a PE ratio of 13.38 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73.

Diversified Royalty Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.0208 per share. This represents a $0.25 annualized dividend and a yield of 8.88%. The ex-dividend date is Friday, February 14th. Diversified Royalty’s dividend payout ratio is currently 119.05%.

Diversified Royalty Company Profile

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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.