Diversified Royalty Corp to Issue Monthly Dividend of $0.02 (DIV)

Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Wednesday, March 14th, TickerTech reports. Investors of record on Thursday, March 29th will be given a dividend of 0.0185 per share on Thursday, March 29th. This represents a $0.22 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend is Wednesday, March 14th.

Diversified Royalty (TSE DIV) traded up C$0.01 on Friday, reaching C$3.26. The company had a trading volume of 53,931 shares, compared to its average volume of 165,227. The firm has a market cap of $347.13, a PE ratio of 36.22 and a beta of 0.64. Diversified Royalty has a 1 year low of C$2.20 and a 1 year high of C$3.74.

In other news, Director Mitchell Harold Gropper sold 28,500 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$3.45, for a total value of C$98,325.00.

Separately, Pi Financial lifted their price target on Diversified Royalty from C$3.25 to C$4.25 and gave the stock a “buy” rating in a report on Monday, November 13th.

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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. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.

Dividend History for Diversified Royalty (TSE:DIV)

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