Cormark Comments on Diversified Royalty Corp.’s Q3 2024 Earnings (TSE:DIV)

Diversified Royalty Corp. (TSE:DIV) – Equities research analysts at Cormark lowered their Q3 2024 earnings per share estimates for shares of Diversified Royalty in a report released on Monday, August 12th. Cormark analyst J. Fenwick now forecasts that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.19 per share.

Several other equities research analysts have also commented on the company. CIBC lowered Diversified Royalty from an “outperform” rating to a “neutral” rating in a research report on Monday, May 13th. Cibc World Mkts lowered Diversified Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th.

Diversified Royalty Trading Down 1.0 %

Diversified Royalty stock opened at C$2.83 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 1.74 and a debt-to-equity ratio of 87.46. Diversified Royalty has a 12 month low of C$2.35 and a 12 month high of C$2.97. The stock’s 50 day simple moving average is C$2.73 and its two-hundred day simple moving average is C$2.79. The firm has a market cap of C$466.50 million, a PE ratio of 12.86 and a beta of 1.57.

Diversified Royalty Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.021 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.90%. Diversified Royalty’s dividend payout ratio (DPR) is 113.64%.

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 owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.