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 > Great Day

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Comment by Shirtlessnomoreon Jul 30, 2021 9:55am

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Post# 33631525

RE:RE:Great Day

And ACTUALLY!! you are the one that said we were "overpriced" a couple months ago and you saw no catalyst for this to go higher. So I'm not sure how the fuch your expectations havent been met????

JayBanks wrote:

ReitsRus wrote: The majority of the sector was on Fire today, DIV AD.UN, AQN, SGR just to name a few and how about AD.UN hitting it out of the park and a nice Dividend increase too, thought the 5% increase for DIV was kinda of low but an increase is an increase.

I agree, I'm not overly impressed/happy until they get to 24 cents, and I feel they could have done it now. As the outlook is good. Taking away 3.5 cents and giving back a penny shouldn't excite people. I purchased post reduction, so I'm not complaining about the reduction, just that I feel we are strong enough that the shareholders can collect now as we should easily grow into the 100% payout. (the payout ratio at 24 cents would be about 113% today by my quick mental maths).

I'm pleased to be getting an increase make no mistake, just in my investment expectation we can be higher and still be comfortable, but as others say they have opened the door with the statements to continued growth. Maybe we will see 1 cent (+.0025) every 3 months (@ result releases) until we reach an appropriate equilibrium.

Tommy mentioned reference towards hinting a new aquisition, I read through the result release several times and did not see that, can you point it out? Or are you continuing to reference at the AGM they illuded to it? I might be misunderstanding your statement on that, just the way I read things it sounds like beyond the AGM they referenced a possible new acquisition, rather than "also at the AGM" they referenced...

All in all, happy with the outlook, just wanted a bigger quicker shareholder return and I don't think it was an expectation too big.