Diversified Royalty Corp. (TSE:DIV – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.03 and last traded at C$3.03, with a volume of 28577 shares. The stock had previously closed at C$3.02.
Analysts Set New Price Targets
DIV has been the topic of several research analyst reports. Ventum Financial set a C$4.00 target price on Diversified Royalty and gave the company a “buy” rating in a research note on Tuesday, September 24th. Ventum Cap Mkts raised shares of Diversified Royalty to a “strong-buy” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$3.80.
Get Our Latest Report on Diversified Royalty
Diversified Royalty Price Performance
Diversified Royalty (TSE:DIV – Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.05 EPS for the quarter, meeting the consensus estimate of C$0.05. The business had revenue of C$16.78 million during the quarter, compared to analysts’ expectations of C$17.50 million. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%. On average, equities research analysts forecast that Diversified Royalty Corp. will post 0.2 EPS for the current fiscal year.
Diversified Royalty Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.021 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.34%. Diversified Royalty’s dividend payout ratio is currently 119.05%.
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.
Featured Stories
- Five stocks we like better than Diversified Royalty
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Roblox Dips on Short Report—Here’s Why It Could Bounce Back Fast
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- 2 Reasons to Jump on Apple Stock Now and 1 Reason to Think Twice
- Breakout Stocks: What They Are and How to Identify Them
- 2 Defense Giants Soaring: Chase Gains or Wait for a Dip?
Receive News & Ratings for Diversified Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversified Royalty and related companies with MarketBeat.com's FREE daily email newsletter.