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VANCOUVER - Diversified Royalty Corp. (TSX:DIV and DIV.DB.A), also known as DIV, has declared a monthly cash dividend of $0.02083 per common share for March 2025. This dividend equates to an annualized rate of $0.25 per share, representing a substantial 5.4% yield. The company has maintained consistent dividend payments for 13 consecutive years. Shareholders on record by the close of business on March 14, 2025, will receive the dividend payment on March 31, 2025.
DIV, a multi-royalty corporation with a market capitalization of $746 million, targets acquiring royalties from various multi-location businesses and franchisors across North America. Its portfolio includes well-known brands like Mr. Lube + Tires, AIR MILES®, Sutton, and BarBurrito. DIV’s strategy is to pursue predictable and growing royalty streams to ultimately deliver a reliable and potentially increasing monthly dividend to its shareholders, based on the company’s cash flow per share. The stock has demonstrated strong performance, delivering an 18.4% total return over the past year.
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In addition to the dividend announcement, DIV has scheduled the release of its fourth-quarter 2024 earnings for after the market closes on March 24, 2025. The earnings report will provide insights into the financial performance of the company for the three months and year ending December 31, 2024.
The forward-looking statements in the press release indicate DIV’s intention to maintain its dividend payments and meet corporate objectives. However, these statements are not guarantees and are subject to risks and uncertainties that could affect the company’s ability to achieve these goals.
Investors should note that DIV’s plans for dividend payments and the realization of its corporate objectives are based on current business and economic conditions, which may change. According to InvestingPro analysis, the stock generally trades with low price volatility, currently trading near its 52-week high of $19.38. The company’s performance and ability to pay dividends are contingent on various factors, including the cash flows generated from its royalties and the ongoing success of its royalty partners.
The information provided in this article is based on a press release statement from Diversified Royalty Corp.
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