Diversified Royalty Corp ( (TSE:DIV) ) has shared an update.
Diversified Royalty Corp. announced a cash dividend of $0.02083 per common share for February 2025, reflecting a $0.25 annualized rate. This decision underscores DIV’s strategy for predictable and stable dividends, aiming to grow cash flow per share through strategic royalty acquisitions. The dividend is set to be distributed on February 28, 2025, to shareholders recorded by February 14, 2025, indicating a continued commitment to shareholder returns.
More about Diversified Royalty Corp
Diversified Royalty Corp. (DIV) is a multi-royalty corporation based in North America, focusing on acquiring top-line royalties from multi-location businesses and franchisors. Its portfolio includes brands such as Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito, spanning industries from automotive services and loyalty programs to real estate, dining, home care, education, and cleaning services.
YTD Price Performance: -5.50%
Average Trading Volume: 250,020
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$416.9M
For detailed information about DIV stock, go to TipRanks’ Stock Analysis page.