DIV is a royalty stock made for passive-income seekers
Freehold Royalties, an impressive Canadian stock that’s made specifically for dividend investors (TSX:DIV).
Diversified Royalty is an intriguing business that earns royalties from several brands that it’s invested in and partnered with. The company targets well-established and growing businesses with multiple locations.
Therefore, since the stock is constantly earning revenue from these royalty payments, it returns the majority of its cash flow to investors.
And because each of the companies it receives royalties from operates in different industries, it diversifies the revenue sources and makes Diversified Royalty a much safer and more reliable business.
And with the stock offering an unbelievable dividend yield of 8.33% today, it’s hard to ignore. So, if you’re looking for top Canadian dividend stocks to buy now, Diversified Royalty is an intriguing stock you’ll certainly want to consider.