Diversified Royalty Corp T.DIV

Alternate Symbol(s): BEVFF | T.DIV.DB.A

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America’s growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.

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Diversified Royalty Corp > ANNOUNCES JANUARY 2021 DIVIDEND AND REINSTATEMENT OF DRIP

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Comment by Shirtlessnomoreon Jan 07, 2021 11:34am

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Post# 32242224

RE:RE:RE:RE:ANNOUNCES JANUARY 2021 DIVIDEND AND REINSTATEMENT OF DRIP

My thoughts on the payout exactly, my first reaction was that maybe they are using this to conserve cash, apparently the market likes it

Tommy123 wrote:
Shirtlessnomore wrote: I dont particularly like dripping shares at this price. Jmo

Tommy123 wrote: Amazing! That will bring down the payout ratio, which sets the stage for a dividend increase later this year.

That's fair. It's possible that with these latest Covid restrictions, they may be above a 100% payout again (and it might be over 100% for a quarter or two). So this was their best option to make the dividend sustainable without having to look at another temporary cut. I really think we'll be largely done with Covid this spring, so I don't think they'll need to issue too many new shares at this low price.