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

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 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date is Friday, February 14th.

Diversified Royalty Stock Down 0.4 %

Diversified Royalty stock traded down C$0.01 during midday trading on Wednesday, reaching C$2.83. The company’s stock had a trading volume of 25,005 shares, compared to its average volume of 251,171. The business has a 50-day simple moving average of C$2.89 and a 200-day simple moving average of C$2.91. The company has a market cap of C$468.22 million, a P/E ratio of 13.48 and a beta of 1.57. Diversified Royalty has a fifty-two week low of C$2.50 and a fifty-two week high of C$3.09. The company has a quick ratio of 1.74, a current ratio of 5.73 and a debt-to-equity ratio of 89.69.

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.