Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Thursday, January 4th, Zacks reports. Stockholders of record on Monday, January 15th will be paid a dividend of 0.019 per share on Wednesday, January 31st. This represents a $0.23 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from Diversified Royalty’s previous monthly dividend of $0.02.
Shares of Diversified Royalty (TSE:DIV) traded up C$0.02 during midday trading on Thursday, hitting C$3.67. 327,977 shares of the stock traded hands, compared to its average volume of 198,847. The company has a market cap of $391.06, a price-to-earnings ratio of 40.78 and a beta of 0.75. Diversified Royalty has a one year low of C$2.20 and a one year high of C$3.74.
In other Diversified Royalty news, Director Mitchell Harold Gropper sold 28,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$3.45, for a total transaction of C$98,325.00.
Several research analysts recently weighed in on the stock. CIBC lifted their price objective on shares of Diversified Royalty from C$3.00 to C$3.75 in a research note on Tuesday, October 17th. Pi Financial lifted their price objective on shares of Diversified Royalty from C$3.25 to C$4.25 and gave the stock a “buy” rating in a research note on Monday, November 13th.
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About Diversified Royalty
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.
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