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Diversified Royalty Corp ( (TSE:DIV) ) just unveiled an announcement.
Diversified Royalty Corp. announced a cash dividend of $0.02083 per common share for April 2025, reflecting an annualized dividend of $0.25 per share. This decision underscores the company’s commitment to providing stable and predictable monthly dividends to its shareholders. The announcement is part of DIV’s broader strategy to enhance cash flow per share through accretive royalty acquisitions and the growth of existing royalties, aiming to increase dividends over time as cash flow permits.
More about Diversified Royalty Corp
Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors across North America. The company owns trademarks for various businesses, including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito, spanning industries such as quick lube services, loyalty programs, real estate brokerage, casual dining, home care, supplemental education, commercial cleaning, and quick service restaurants.
YTD Price Performance: -1.40%
Average Trading Volume: 273,259
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$430.1M
For a thorough assessment of DIV stock, go to TipRanks’ Stock Analysis page.