Diversified Royalty Management

How has Sean Morrison's remuneration changed compared to Diversified Royalty's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	CA$32m
Sep 30 2023	n/a	n/a	CA$18m
Jun 30 2023	n/a	n/a	CA$18m
Mar 31 2023	n/a	n/a	CA$16m
Dec 31 2022	CA$2m	CA$345k	CA$16m
Sep 30 2022	n/a	n/a	CA$28m
Jun 30 2022	n/a	n/a	CA$28m
Mar 31 2022	n/a	n/a	CA$26m
Dec 31 2021	CA$2m	CA$345k	CA$24m
Sep 30 2021	n/a	n/a	CA$16m
Jun 30 2021	n/a	n/a	CA$9m
Mar 31 2021	n/a	n/a	CA$7m
Dec 31 2020	CA$1m	CA$300k	-CA$9m
Sep 30 2020	n/a	n/a	-CA$6m
Jun 30 2020	n/a	n/a	-CA$725k
Mar 31 2020	n/a	n/a	-CA$171k
Dec 31 2019	CA$1m	CA$300k	CA$14m
Sep 30 2019	n/a	n/a	CA$11m
Jun 30 2019	n/a	n/a	CA$10m
Mar 31 2019	n/a	n/a	CA$10m
Dec 31 2018	CA$1m	CA$300k	CA$10m
Sep 30 2018	n/a	n/a	CA$13m
Jun 30 2018	n/a	n/a	CA$12m
Mar 31 2018	n/a	n/a	CA$12m
Dec 31 2017	CA$4m	CA$366k	CA$12m

Compensation vs Market: Sean's total compensation ($USD1.40M) is about average for companies of similar size in the Canadian market ($USD1.29M).

Compensation vs Earnings: Sean's compensation has been consistent with company performance over the past year.

CEO

Sean Morrison (53 yo)

10.8yrs

Tenure

CA$1,911,774

Compensation

Mr. Sean Morrison, CA has been the Chief Executive Officer and President at Diversified Royalty Corp. since August 06, 2013. Mr. Morrison has been the Chief Executive Officer and President of BENEV Capital...

Board Members

Name	Position	Tenure	Compensation	Ownership
Johnny Ciampi	Director	9.5yrs	CA$110.30k	0.73% CA$ 3.4m
Garry Herdler	Independent Director	5.9yrs	CA$129.13k	0.051% CA$ 233.2k
Paula Rogers	Independent Chairman of the Board	9.2yrs	CA$125.28k	0.11% CA$ 528.1k
Kevin Smith	Independent Director	2.8yrs	CA$110.05k	no data
Roger Chouinard	Independent Director	1.8yrs	CA$46.32k	0.029% CA$ 132.2k

5.9yrs

Average Tenure

54yo

Average Age

Experienced Board: DIV's board of directors are considered experienced (5.9 years average tenure).

Diversified Royalty Management

Management criteria checks 3/4

Key information

Recent management updates

Diversified Royalty Corp., Annual General Meeting, Jun 20, 2024

Director recently bought CA$266k worth of stock

Independent Director exercised options to buy CA$64k worth of stock.

Insider recently sold CA$404k worth of stock

Diversified Royalty Corp. Elects Roger Chouinard as Director

Diversified Royalty Corp., Annual General Meeting, Jun 28, 2022

Recent updates

Diversified Royalty Corp., Annual General Meeting, Jun 20, 2024

Diversified Royalty (TSE:DIV) Is Due To Pay A Dividend Of CA$0.0208

Dividend of CA$0.021 announced

Diversified Royalty Corp. Announces April 2024 Cash Dividend, Payable on April 30, 2024

Diversified Royalty's (TSE:DIV) Earnings Are Of Questionable Quality

Full year 2023 earnings released: EPS: CA$0.22 (vs CA$0.12 in FY 2022)

Dividend of CA$0.021 announced

Diversified Royalty Corp. Announces March 2024 Cash Dividend, Payable on March 28, 2024

Director recently bought CA$266k worth of stock

New minor risk - Shareholder dilution

Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 54.05253 million.

Diversified Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 40.166 million.

Dividend of CA$0.02 announced

Diversified Royalty Corp. Announces February 2024 Cash Dividend, Payable on February 29, 2024

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0204

Diversified Royalty Corp. Announces December 2023 Cash Dividend, Payable on December 29, 2023

Diversified Royalty (TSE:DIV) Will Pay A Larger Dividend Than Last Year At CA$0.0204

Diversified Royalty Corp. to Report Q3, 2023 Results on Nov 08, 2023

Diversified Royalty Corp. Announces Cash Dividend for the month ending November 30, 2023, Payable on November 30, 2023

Diversified Royalty (TSE:DIV) Is Paying Out A Dividend Of CA$0.02

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02

Diversified Royalty Corp. Announces September 2023 Cash Dividend, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: CA$0.064 (vs CA$0.058 in 2Q 2022)

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02

Diversified Royalty Corp. to Report Q2, 2023 Results on Aug 14, 2023

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Diversified Royalty Corp. Approves Cash Dividend for the Period of July 1, 2023 to July 31, 2023, Payable on July 31, 2023

Diversified Royalty Corp. Approves Cash Dividend for the Period of June 1, 2023 to June 30, 2023, Payable on June 30, 2023

Independent Director exercised options to buy CA$64k worth of stock.

First quarter 2023 earnings released: EPS: CA$0.047 (vs CA$0.051 in 1Q 2022)

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Full year 2022 earnings released: EPS: CA$0.12 (vs CA$0.19 in FY 2021)

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.02

Diversified Royalty Corp. Approves Cash Dividend for the Period of February 1, 2023 to February 28, 2023, Payable on February 28, 2023

Diversified Royalty's (TSE:DIV) Dividend Will Be Increased To CA$0.02

Diversified Royalty Corp. Confirms Increase to the Monthly Dividend and Announces January 2023 Cash Dividend, Payable on January 31, 2023

Diversified Royalty Corp. Announces December 2022 Cash Dividend, Payable on December 30, 2022

Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 40.0008 million.

Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 40.0008 million.

Diversified Royalty Corp. Approves Annual Dividend

Third quarter 2022 earnings released: EPS: CA$0.054 (vs CA$0.049 in 3Q 2021)

Diversified Royalty Corp. to Report Q3, 2022 Results on Nov 09, 2022

Diversified Royalty Corp. Announces Cash Dividend for the Period of November 1, 2022 to November 30, 2022, Payable on November 30, 2022

Diversified Royalty Corp. Announces Cash Dividend for the Period of October 1, 2022 to October 31, 2022, Payable on October 31, 2022

Diversified Royalty Corp. Increases Monthly Dividend

Diversified Royalty Corp. Announces September 2022 Cash Dividend, Payable on September 29, 2022

Insider recently sold CA$404k worth of stock

Price target increased to CA$3.85

Second quarter 2022 earnings released: EPS: CA$0.058 (vs CA$0.043 in 2Q 2021)

Diversified Royalty Corp. to Report Q2, 2022 Results on Aug 12, 2022

Price target decreased to CA$3.45

Diversified Royalty Corp. Announces Cash Dividend for August 2022, Payable on August 31, 2022

Diversified Royalty Corp. Elects Roger Chouinard as Director

Diversified Royalty (TSE:DIV) Has Re-Affirmed Its Dividend Of CA$0.018

Diversified Royalty Corp. Announces Cash Dividend for July 2022, Payable on July 29, 2022

Upcoming dividend of CA$0.018 per share

Diversified Royalty (TSE:DIV) Has Re-Affirmed Its Dividend Of CA$0.018

Diversified Royalty Corp. Announces June 2022 Cash Dividend, Payable on June 30, 2022

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Diversified Royalty Corp. to Report Q1, 2022 Results on May 10, 2022

Diversified Royalty Corp. Announces May 2022 Cash Dividend, Payable on May 31, 2022

Diversified Royalty Corp., Annual General Meeting, Jun 28, 2022

Diversified Royalty Corp. Approves Cash Dividend for the Period of April 1, 2022 to April 30, 2022, Payable on April 29, 2022

President & CEO exercised options to buy CA$99k worth of stock.

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Diversified Royalty Corp. Announces Cash Dividend for the Period of March 1, 2022 to March 31, 2022, Payable on March 31, 2022

Upcoming dividend of CA$0.018 per share

Diversified Royalty Corp. Announces February 2022 Cash Dividend Payable on February 28, 2022