Diversified Royalty Past Earnings Performance

Past criteria checks 5/6

Diversified Royalty has been growing earnings at an average annual rate of 29%, while the Specialty Retail industry saw earnings growing at 14.2% annually. Revenues have been growing at an average rate of 15.2% per year. Diversified Royalty's return on equity is 13.4%, and it has net margins of 56.2%.

Key information

29.0%

Earnings growth rate

24.0%

EPS growth rate

Specialty Retail Industry Growth	18.2%
Revenue growth rate	15.2%
Return on equity	13.4%
Net Margin	56.2%
Last Earnings Update	31 Dec 2023

Recent past performance updates

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

Mar 29

Recent updates

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

Nov 09

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

Oct 10

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

Sep 10

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

Aug 08

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

Jul 08

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

May 05

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

Mar 07

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

Feb 07

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

Jan 08

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

Jul 09

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

Jun 07

Shareholders Will Most Likely Find Diversified Royalty Corp.'s (TSE:DIV) CEO Compensation Acceptable

Jun 22

Calculating The Fair Value Of Diversified Royalty Corp. (TSE:DIV)

May 02

What Is Diversified Royalty Corp.'s (TSE:DIV) Share Price Doing?

Mar 26

Is Diversified Royalty Corp. (TSE:DIV) At Risk Of Cutting Its Dividend?

Mar 08

Diversified Royalty (TSE:DIV) Has Returned Negative 6.8% To Its Shareholders In The Past Three Years

Feb 01

Revenue & Expenses Breakdown
Beta

How Diversified Royalty makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:DIV Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	56	32	3
30 Sep 23	53	18	3
30 Jun 23	51	18	3
31 Mar 23	48	16	3
31 Dec 22	45	16	3
30 Sep 22	43	28	2
30 Jun 22	41	28	2
31 Mar 22	39	26	2
31 Dec 21	37	24	2
30 Sep 21	36	16	2
30 Jun 21	34	9	2
31 Mar 21	31	7	2
31 Dec 20	30	-9	2
30 Sep 20	30	-6	3
30 Jun 20	30	-1	2
31 Mar 20	31	0	2
31 Dec 19	30	14	2
30 Sep 19	29	11	2
30 Jun 19	28	10	2
31 Mar 19	27	10	2
31 Dec 18	27	10	2
30 Sep 18	26	13	2
30 Jun 18	25	12	2
31 Mar 18	23	12	2
31 Dec 17	21	12	2
30 Sep 17	20	13	2
30 Jun 17	22	10	2
31 Mar 17	25	11	2
31 Dec 16	28	11	2
30 Sep 16	29	7	1
30 Jun 16	28	10	1
31 Mar 16	24	7	1
31 Dec 15	20	6	1
30 Sep 15	15	6	1
30 Jun 15	10	12	2
31 Mar 15	6	9	2
31 Dec 14	3	7	3
30 Sep 14	0	5	1
30 Jun 14	0	-4	1
31 Mar 14	0	-3	1
31 Dec 13	0	-4	2
30 Sep 13	8	-2	4
30 Jun 13	20	5	4

Quality Earnings: DIV has high quality earnings.

Growing Profit Margin: DIV's current net profit margins (56.2%) are higher than last year (34.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DIV's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: DIV's earnings growth over the past year (103.9%) exceeds its 5-year average (29% per year).

Earnings vs Industry: DIV earnings growth over the past year (103.9%) exceeded the Specialty Retail industry -29.1%.

Diversified Royalty Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

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)

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

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

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

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

Revenue & Expenses Breakdown
Beta