The Globe and Mail reports in its Wednesday edition that Diversified Royalty may be of interest to investors seeking income given its yield of about 7 per cent. The Globe's Jennifer Dowty writes that in addition to income, analysts see the share price heading significantly higher. The average share target is $4.13. The stock has a unanimous buy recommendation from four analysts. Ms. Dowty says that while you may not have heard of this small-cap stock, you likely are familiar with one or more of its six royalty partners: Mr. Lube, Air Miles, Sutton Group Realty, Oxford Learning Centres, Mr. Mikes Restaurants and Nurse Next Door. Diversified Royalty's business model is to acquire trademarks from franchisers in return for royalties based on their top-line sales. Many of Diversified Royalty shareholders appreciate the high dividend yield. Last quarter, the payout ratio was a conservative 84 per cent and 90 per cent for 2021. Chief executive officer Sean Morrison believes "a payout ratio in the mid-90s is probably the right place to be as this is not a business where you need to retain capital. Investors are buying the stock for the dividend and we are prepared to give them as much cash flow as we think is sustainable."