Diversified Royalty Corp T.DIV

2 steps forward and 1 back with this stock

[BlueJay2020]

A very frustrating stock to hold. Back to $2.66 we go tomorrow.

[flamingogold]

Most likely will print below that. I own for the distribution but only worthwhile under $2.60 or 9.5-10% yield with the new increase.

[goldsternp]

Were you planning on selling in the next couple of weeks?

[BlueJay2020]

No, I wasn't and I won't be selling. In fact I may add more if we hit $2.60.  The dip may be temporary as you seem to be implying, but it is indicative of the range-bound trading of the stock.  When will it hit $3 again? It is hard to get ahead when you are raising equity at a 5-6 per cent discount, and a 2 per cent divi increase is not much comfort.

[nedstar71]

This.  It always does creep back up and if it did hit $2.60 it would indeed be an ok buy.  But only if you can dump said shares before they pull this again.  And they will.  They always do.  They have no choice. It's never good when you come to the realization that management is ok with a sucky stock price.  And they must be.  Every move they've made in

[goldsternp]

Different perspectives in different countries. Here in Switzerland we have a wealth tax so a drop in value on assets being held isn't too worrying and indeed improves the dividend return on added purchases at a lower price.

[nedstar71]

One thing you can count on with DIV, whenever the stock starts showing strength (if you'd call the last few weeks strength) they'll bat it right back down with dilution.  $2.66?  Idiots. An entre year's of dividends gone compared to the price just a few days ago.  The business doesn't work as a stock.  Look at Decisive Dividend.  I never a fan but clearly I