Diversified Royalty Corp (TSE:DIV) Declares $0.02 Monthly Dividend

Diversified Royalty Corp (TSE:DIV) announced a monthly dividend on Wednesday, August 14th, TickerTech reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.0185 per share on Friday, August 30th. This represents a $0.22 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date is Wednesday, August 14th.

Diversified Royalty stock traded up C$0.01 during mid-day trading on Tuesday, reaching C$2.82. 6,339 shares of the company’s stock were exchanged, compared to its average volume of 158,395. The firm has a market capitalization of $304.73 million and a P/E ratio of 31.33. Diversified Royalty has a twelve month low of C$2.55 and a twelve month high of C$3.28. The company has a current ratio of 54.69, a quick ratio of 54.62 and a debt-to-equity ratio of 61.85. The stock’s fifty day simple moving average is C$2.97.

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 primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.

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Dividend History for Diversified Royalty (TSE:DIV)

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