Diversified Royalty (TSE:DIV) Given a C$3.75 Price Target by Desjardins Analysts

Desjardins set a C$3.75 price target on Diversified Royalty (TSE:DIV) in a research note released on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Diversified Royalty Price Performance

Shares of TSE:DIV opened at C$2.83 on Wednesday. The company’s 50-day moving average is C$2.86 and its 200 day moving average is C$2.92. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28. The company has a market capitalization of C$432.65 million, a P/E ratio of 14.77 and a beta of 1.57. Diversified Royalty has a fifty-two week low of C$2.50 and a fifty-two week high of C$3.09.

Diversified Royalty Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be paid a $0.0208 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Friday, February 14th. Diversified Royalty’s dividend payout ratio is currently 130.49%.

Diversified Royalty Company Profile

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.