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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.


TSX:DIV - Post by User

Diversified Royalty Corp > Q3 Results
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Comment by mickeymouseon Nov 09, 2023 8:16pm
333 Views
Post# 35727378

RE:Q3 Results

RE:Q3 ResultsJust read through the CIBC analyst report - couple of sentences were significant:

"Distributable cash flow for this quarter included a deduction for a principal payment (0.4 million) on the AM term loan as DIV sought to avoid breaching covenants." "absent the principal payment inclusion, distributable cash was 2% above our estimate"

In the tables provided in the summary the following numbers are included for DCPS and Payout ratio on DCPS:  

2022 - DCPS = .26   Payout ratio on DCPS = 86.8
2023 - DCPS = .26   Payout ratio on DCPS = 92.1
2024 - DCPS = .28   Payout ratio on DCPS = 89.3
2025 - DCPS = .30.  Payout ratio on DCPS = 85.0  

So looking ahead this analyst believes the payout ratio will drop - the dividend is projected to be .25 in both 2024 andd 2025.   

 






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