00:39:38 EDT Sat 05 Jul 2025
Enter Symbol
or Name
USA
CA



Diversified Royalty Corp
Symbol DIV
Shares Issued 167,113,483
Close 2025-02-27 C$ 2.81
Market Cap C$ 469,588,887
Recent Sedar Documents

Globe says new coverage rates Diversified Royalty "buy"

2025-02-27 07:22 ET - In the News

The Globe and Mail reports in its Thursday, Feb. 27, edition that Desjardins Securities analyst Gary Ho commenced coverage on Diversified Royalty with a "buy" recommendation and $3.75 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $4.06. Mr. Ho says in a note: "Diversified Royalty is in the business of acquiring a diversified portfolio of trademarks and collecting top-line royalties from high-quality businesses and franchisors. We view this as a unique model which enables Diversified Royalty to steadily increase revenue and distributable cash, the franchisors to monetize their business without forgoing equity, and Diversified Royalty shareholders to reap a growing dividend stream (attractive 9-per-cent yield currently). Given a potential 42-per-cent return to our $3.75 target, we are initiating coverage with a 'buy.' Diversity Royalty's business model is simple -- it buys trademarks, collects royalties and pays out distributable cash in the form of dividends to shareholders. Its portfolio currently consists of eight royalty partners, with Mr. Lube being the largest contributor (45 per cent of revenue)."

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