Diversified Royalty Corp. (DIV) to Issue Monthly Dividend of $0.02 on February 28th

Diversified Royalty Corp. (TSE:DIV) declared 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 8.82%. The ex-dividend date is Friday, February 14th.

Diversified Royalty Trading Down 0.4 %

TSE DIV traded down C$0.01 on Wednesday, reaching C$2.83. The stock had a trading volume of 25,005 shares, compared to its average volume of 251,171. The stock has a fifty day moving average price of C$2.89 and a two-hundred day moving average price of C$2.91. Diversified Royalty has a 12-month low of C$2.50 and a 12-month high of C$3.09. The firm has a market capitalization of C$468.22 million, a price-to-earnings ratio of 13.48 and a beta of 1.57. 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.