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Diversified Royalty Corp T.DIV

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

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.


TSX:DIV - Post by User

Post by Dadsaid2on Mar 14, 2023 5:47pm
312 Views
Post# 35338484

With or without Airmiles..we're OK

With or without Airmiles..we're OKObviously losing 100% of Airmiles cuts revenue by around 12% but thats worse case scenario. I would think Div is working hard to get the best deal we can with BMO or whoever they have to deal with.  But the other 5 royalites are growing and it appears the new one Status looks pretty solid on the front page of its book.  Obivously there are more shares to pay out but remember when they added Status they started paying only a fraction of what they think Stratus will generate.  This was a smart move knowing Airmiles was on a slipery slope and may be at risk moving forward.  My point is the current dividend could be safe and remain the same even without Airmiles. Hopefully we see continued growth in the other 5 and Status grows and pays off what was anticipated.  Any payments or lump sum buyout etc from Airmiles will just be a bonus at this point.  IMO.  Anyways we are in a game of risk and its a touch of bad luck on the whole Airmiles development but its not over yet.  Correct me if lm wrong on the finaicial math and payouts etc.  GLTA
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