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 acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.

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Diversified Royalty Corp > Gotta break that 1.20 barrier

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Comment by Shirtlessnomoreon Nov 25, 2020 12:20am

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Post# 31967544

RE:RE:Gotta break that 1.20 barrier

Hahaha my bad, I meant 2.20 barrier lol. Oops

Tommy123 wrote:
Shirtlessnomore wrote: Time for next leg up. I bought a few more at 2.14 in hopes of never seeing that price again lol. If we do I'm buying more. cheers

I would love for it to hit $1.20 a share again, I would load up. But I really don't think that will happen. It's done well despite the rising Covid number numbers and business restrictions. The dividend is covered (96% payout ratio), and is expected to continue to decrease going forward. And like Canaccord said in their report from last Friday, it's likely that DIV will be able to increase their dividend back up near the end of next year.