Diversified Royalty Corp T.DIV

New Press Release - Canadian Investment Regulatory Organization Trade Resumption - DIV

TORONTO, Oct. 5, 2023 /CNW/ - Trading resumes in:Company: Diversified Royalty Corp.TSX Symbol: DIVAll Issues: YesResumption (ET): 8:00 AMCIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure...read article.

[bigo24]

A " good news " acquisition, divy increase and little movement in price and volume? That's a head scratcher 

[BlueJay2020]

Same old story - this is not a headline-making stock that will have buyers flocking.  I like the deal - it is accretive although it is not transformational by any stretch.  I think it is a very solid partner and one with significant growth potential that we can really start to benefit from post-2031.   i picked up another 5000 today at $2.56 so I now hold 13200 at an average of $2

[dogatcat]

That is a good price.  I own a lot more than you at at verage cost of $2.25.   I DRIP more into my coffers every month.   

[BlueJay2020]

I think this is the third time I have had a position on this stock and the previous tines I have found better opportunities fairly quickly and switched out. But the divi was probably under 7 oercent and not as well covered.  i suspect I will be holding for longer this time - at least until the distribution is back to 7 per cent.

[dogatcat]

Let's also remember that US Treasury yields just hit 5% plus the other day and roiled the markets.   Hard to enjoy good news when the bond market is pisssssing on their brains.