FY2024 Earnings Forecast for TSE:DIV Issued By Desjardins

Diversified Royalty Corp. (TSE:DIV) – Investment analysts at Desjardins issued their FY2024 EPS estimates for shares of Diversified Royalty in a research report issued to clients and investors on Tuesday, February 25th. Desjardins analyst G. Ho anticipates that the company will post earnings per share of $0.18 for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.20 per share. Desjardins also issued estimates for Diversified Royalty’s Q4 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.04 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $0.20 EPS, FY2026 earnings at $0.21 EPS and FY2026 earnings at $0.21 EPS.

Diversified Royalty Price Performance

DIV stock opened at C$2.81 on Friday. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. Diversified Royalty has a 52 week low of C$2.50 and a 52 week high of C$3.09. The firm’s fifty day moving average is C$2.85 and its 200 day moving average is C$2.92. The firm has a market cap of C$429.59 million, a P/E ratio of 14.67 and a beta of 1.57.

Diversified Royalty Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.0208 per share. The ex-dividend date was Friday, February 14th. This represents a $0.25 annualized dividend and a yield of 8.88%. Diversified Royalty’s payout ratio is currently 130.49%.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments.