Diversified Royalty (TSE:DIV) Price Target Raised to C$3.10

Posted by Jared Coughlin on Mar 28th, 2025

Diversified Royalty (TSE:DIV – Free Report) had its price objective upped by CIBC from C$3.00 to C$3.10 in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Separately, Desjardins set a C$3.75 target price on Diversified Royalty and gave the company a “buy” rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Diversified Royalty presently has a consensus rating of “Moderate Buy” and an average target price of C$3.62.

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Diversified Royalty Stock Down 0.4 %

DIV stock opened at C$2.81 on Tuesday. Diversified Royalty has a one year low of C$2.50 and a one year high of C$3.09. The firm has a market cap of C$429.59 million, a PE ratio of 14.67 and a beta of 1.57. The firm’s 50 day moving average price is C$2.80 and its 200-day moving average price is C$2.91. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a dividend of $0.0208 per share. The ex-dividend date is Friday, March 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.88%. Diversified Royalty’s payout ratio is currently 130.49%.

Diversified Royalty Company Profile

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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.