The Diversified Royalty Corp Declares Monthly Dividend of C$0.02 (DIV)

The Diversified Royalty Corp Declares Monthly Dividend of C$0.02 (DIV)

Diversified Royalty Corp (TSE:DIV) declared a monthly dividend on Wednesday, October 12th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.0185 per share on Monday, October 31st. This represents a $0.22 annualized dividend and a dividend yield of 9.10%. The ex-dividend date of this dividend is Wednesday, October 12th.

Shares of Diversified Royalty Corp (TSE:DIV) traded up 1.67% on Friday, hitting $2.44. 626,428 shares of the stock traded hands. Diversified Royalty Corp has a 12-month low of $1.96 and a 12-month high of $2.79. The stock has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.28. The stock has a market cap of $277.72 million and a price-to-earnings ratio of 27.42.

Separately, Paradigm Capital decreased their target price on shares of Diversified Royalty Corp from C$3.50 to C$3.00 and set a “buy” rating for the company in a report on Friday, September 2nd.

10/07/diversified-royalty-corp-declares-monthly-dividend-of-c0-02-div.html

In other news, Director Kevin Arnold Giese sold 49,500 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$2.35, for a total value of C$116,325.00. Also, Director Lance Tracey sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$2.42, for a total transaction of C$60,500.00.

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