Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Tuesday, December 12th, TickerTech reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.0185 per share on Friday, December 29th. This represents a $0.22 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Tuesday, December 12th.
Diversified Royalty (TSE:DIV) remained flat at $C$3.46 during mid-day trading on Friday. The company’s stock had a trading volume of 42,400 shares, compared to its average volume of 356,220. Diversified Royalty has a 52 week low of C$2.20 and a 52 week high of C$3.60. The stock has a market cap of $368.74, a PE ratio of 38.44 and a beta of 0.76.
In related news, Director Mitchell Harold Gropper sold 28,500 shares of the company’s stock in a transaction 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.
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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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