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VANCOUVER – Diversified Royalty Corp. (TSX: DIV and DIV.DB.A), also known as DIV, has announced a forthcoming cash dividend of $0.02083 per common share for June 2025. This dividend is consistent with an annualized payout of $0.25 per share, contributing to an impressive current yield of 7.48%. According to InvestingPro data, DIV has maintained dividend payments for 13 consecutive years, demonstrating strong commitment to shareholder returns. Scheduled for June 30, 2025, the dividend will be distributed to shareholders on record by the close of business on June 13, 2025.
DIV, a multi-royalty corporation with a market capitalization of $641.58 million, specializes in acquiring royalties from a variety of well-managed, multi-location businesses and franchisors across North America. The company’s portfolio includes the trademarks of Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito. InvestingPro analysis reveals several additional key insights about DIV’s performance and financial health - subscribers can access over 30 financial metrics and expert analysis.
The corporation’s strategy focuses on securing predictable and growing royalty streams. Mr. Lube + Tires leads the quick lube service industry in Canada, while AIR MILES® is recognized as Canada’s largest coalition loyalty program. Sutton holds a prominent position in Canada’s residential real estate brokerage franchisor sector, and Mr. Mikes is known for its casual steakhouse restaurants in western Canada. Nurse Next Door offers home care services in Canada, the U.S., and Australia, while Oxford Learning Centres and Stratus Building Solutions are leaders in supplemental education and commercial cleaning services, respectively. BarBurrito stands as Canada’s largest quick service Mexican restaurant chain.
DIV’s approach aims to enhance cash flow per share by making accretive royalty purchases and fostering the growth of acquired royalties. The company’s leadership has expressed an intention to maintain a predictable and stable monthly dividend, with aspirations to increase it as the cash flow per share permits.
However, the company’s forward-looking statements, including those regarding dividend payments and corporate objectives, are subject to various risks and uncertainties. These may include changes in business and economic conditions that could impact the company’s ability to pay dividends or achieve its goals. InvestingPro’s Financial Health score currently rates DIV as ’FAIR’, with a score of 1.85 out of 5, suggesting investors should monitor the company’s financial metrics closely.
The information in this article is based on a press release statement from Diversified Royalty Corp. and reflects the company’s plans as of the date of the announcement. Investors are advised that forward-looking statements are not guarantees of future performance and that actual results may differ from those projected. Additional details about DIV and its business can be found in public filings available on SEDAR+.
In other recent news, Diversified Royalty Corp. announced a monthly cash dividend of $0.02083 per common share for March 2025, equating to an annualized rate of $0.25 per share. Shareholders recorded by March 14, 2025, will receive their dividend payment on March 31, 2025. The company also plans to release its fourth-quarter 2024 earnings after the market closes on March 24, 2025, which will cover the financial performance for the three months and year ending December 31, 2024. These developments are part of DIV’s strategy to maintain predictable and growing royalty streams, aiming to provide reliable dividends to shareholders. The forward-looking statements from the company indicate an intention to sustain dividend payments, although they acknowledge potential risks and uncertainties. Investors should be aware that DIV’s ability to meet its objectives depends on various factors, including cash flows from its royalties and the success of its partners. These announcements reflect the company’s ongoing efforts to achieve its corporate goals amid changing business and economic conditions.
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