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

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.

Several research firms have recently commented on DIV. CIBC boosted their target price on shares of Diversified Royalty from C$3.00 to C$3.75 in a report on Tuesday, October 17th. Pi Financial upped their price target on shares of Diversified Royalty from C$3.25 to C$4.25 and gave the company 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.

Dividend History for Diversified Royalty (TSE:DIV)

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