Announcement • Jul 06
Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 50.0018 million. Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 50.0018 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 10,730,000
Price\Range: CAD 4.66
Discount Per Security: CAD 0.2097
Transaction Features: Regulation S; Rule 144A Announcement • Jul 03
Diversified Royalty Corp. Announces Cash Dividend for the Period of July 1, 2026 to July 31, 2026, Payable on July 31, 2026 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02375 per common share for the period of July 1, 2026 to July 31, 2026, which is equal to $0.285 per common share on an annualized basis. The dividend will be paid on July 31, 2026 to shareholders of record as of the close of business on July 15, 2026. Announcement • Jun 26
Diversified Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 50.0018 million. Diversified Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 50.0018 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 10,730,000
Price\Range: CAD 4.66 Announcement • Jun 17
Diversified Royalty Corp. (TSX:DIV) completed the acquisition of Mr. Lube + Tires franchisor business in Canada from Mr. Lube Canada Limited Partnership and Mr. Lube Canada GP Inc. Diversified Royalty Corp. (TSX:DIV) entered into definitive agreement Mr. Lube + Tires franchisor business in Canada from Mr. Lube Canada Limited Partnership and Mr. Lube Canada GP Inc. for CAD 235 million on May 14, 2026. The debt financing consists of CAD 212.5 million drawn from a new senior credit facility and CAD 41.1 million drawn from an existing acquisition facility.
The acquisition is expected to occur on or before June 30, 2026 and is subject to customary closing conditions including the receipt of certain regulatory approvals.
PricewaterhouseCoopers Corporate Finance Inc. acted as exclusive financial adviser for Mr. Lube Canada GP Inc. and Mr. Lube Canada Limited Partnership for the Acquisition.
Diversified Royalty Corp. (TSX:DIV) completed the acquisition of Mr. Lube + Tires franchisor business in Canada from Mr. Lube Canada Limited Partnership and Mr. Lube Canada GP Inc. on May 14, 2026. Recent Insider Transactions • Jun 09
Independent Director recently sold €888k worth of stock On the 8th of June, Johnny Ciampi sold around 300k shares on-market at roughly €2.96 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Declared Dividend • Jun 09
Dividend of CA$0.024 announced Shareholders will receive a dividend of CA$0.024. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 6.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (123% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. EPS is expected to grow by 14% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 04
Diversified Royalty Corp. Approves Cash Dividend for the Period of June 1, 2026 to June 30, 2026, Payable on June 30, 2026 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02375 per common share for the period of June 1, 2026 to June 30, 2026, which is equal to $0.285 per common share on an annualized basis. The dividend will be paid on June 30, 2026 to shareholders of record as of the close of business on June 15, 2026. Recent Insider Transactions • Jun 03
President & CFO recently sold €90k worth of stock On the 29th of May, Greg Gutmanis sold around 30k shares on-market at roughly €3.01 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Greg has been a net seller over the last 12 months, reducing personal holdings by €200k. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: CA$0.044 (vs CA$0.048 in 1Q 2025) First quarter 2026 results: EPS: CA$0.044 (down from CA$0.048 in 1Q 2025). Revenue: CA$17.5m (up 12% from 1Q 2025). Net income: CA$7.57m (down 5.4% from 1Q 2025). Profit margin: 43% (down from 51% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Announcement • May 08
Diversified Royalty Corp. Announces Cash Dividend for the Period of May 1, 2026 to May 31, 2026, Payable on May 29, 2026 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02375 per common share for the period of May 1, 2026 to May 31, 2026, which is equal to $0.285 per common share on an annualized basis. The dividend will be paid on May 29, 2026 to shareholders of record as of the close of business on May 15, 2026. Announcement • May 06
Diversified Royalty Corp. to Report Q1, 2026 Results on May 14, 2026 Diversified Royalty Corp. announced that they will report Q1, 2026 results After-Market on May 14, 2026 Announcement • Apr 07
Diversified Royalty Corp., Annual General Meeting, Jun 17, 2026 Diversified Royalty Corp., Annual General Meeting, Jun 17, 2026. Location: british columbia, vancouver Canada Announcement • Apr 03
Diversified Royalty Corp. Approves Cash Dividend for the Period of April 1, 2026 to April 30, 2026, Payable on April 30, 2026 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02375 per common share for the period of April 1, 2026 to April 30, 2026, which is equal to $0.285 per common share on an annualized basis. The dividend will be paid on April 30, 2026 to shareholders of record as of the close of business on April 15, 2026. Announcement • Mar 06
Diversified Royalty Corp. Approves Cash Dividend for the Period of March 1, 2026 to March 31, 202, Payable on March 31, 2026 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02375 per common share for the period of March 1, 2026 to March 31, 2026, which is equal to $0.285 per common share on an annualized basis. The dividend will be paid on March 31, 2026 to shareholders of record as of the close of business on March 13, 2026. Announcement • Mar 05
Diversified Royalty Corp. to Report Q4, 2025 Results on Mar 19, 2026 Diversified Royalty Corp. announced that they will report Q4, 2025 results After-Market on Mar 19, 2026 Announcement • Feb 06
Diversified Royalty Corp. Approves Cash Dividend for the Period of February 1, 2026 to February 28, 2026, Payable on February 27, 2026 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02375 per common share for the period of February 1, 2026 to February 28, 2026, which is equal to $0.285 per common share on an annualized basis. The dividend will be paid on February 27, 2026 to shareholders of record as of the close of business on February 13, 2026. Announcement • Jan 06
Diversified Royalty Corp. Approves Cash Dividend for the Period of January 1, 2026 to January 31, 2026, Payable on January 30, 2026 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02375 per common share for the period of January 1, 2026 to January 31, 2026, which is equal to $0.285 per common share on an annualized basis. The dividend will be paid on January 30, 2026 to shareholders of record as of the close of business on January 15, 2026. Announcement • Dec 05
Diversified Royalty Corp. announces Monthly dividend, payable on December 31, 2025 Diversified Royalty Corp. announced Monthly dividend of CAD 0.0238 per share payable on December 31, 2025, ex-date on December 15, 2025 and record date on December 15, 2025. Announcement • Nov 13
Diversified Royalty Corp. Approves New Dividend Policy The board of directors of Diversified Royalty Corp. has approved an increase in DIV’s dividend policy to increase its annualized dividend from 27.5 cents per share to 28.5 cents per share effective December 1, 2025, an increase of 1¢ or 3.6%. Announcement • Oct 03
Diversified Royalty Corp. Announces October 2025 Cash Dividend, Payable on October 31, 2025 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02292 per common share for the period of October 1, 2025 to October 31, 2025, which is equal to $0.275 per common share on an annualized basis. The dividend will be paid on October 31, 2025 to shareholders of record as of the close of business on October 15, 2025. Announcement • Sep 04
Diversified Royalty Corp. Announces September 2025 Cash Dividend, Payable on September 29, 2025 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02292 per common share for the period of September 1, 2025 to September 30, 2025, which is equal to $0.275 per common share on an annualized basis. The dividend will be paid on September 29, 2025 to shareholders of record as of the close of business on September 15, 2025. Announcement • Jul 04
Diversified Royalty Corp. Announces July 2025 Cash Dividend, Payable on July 31, 2025 Diversified Royalty Corp. confirmed that DIV’s annual dividend has increased from 25.0 cents per share to 27.5 cents per share effective July 1, 2025 as previously announced on June 17, 2025. In accordance with the dividend increase, DIV announced that its board of directors has approved a cash dividend of $0.02292 per common share for the period of July 1, 2025 to July 31, 2025, which is equal to $0.275 per common share on an annualized basis. The dividend will be paid on July 31, 2025 to shareholders of record as of the close of business on July 15, 2025. Announcement • Jun 04
Diversified Royalty Corp. Announces Cash Dividend for the Period of June 1, 2025 to June 30, 2025, Will Be Paid on June 30, 2025 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of June 1, 2025 to June 30, 2025, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on June 30, 2025 to shareholders of record as of the close of business on June 13, 2025. Announcement • May 03
Diversified Royalty Corp. announces Monthly dividend, payable on May 30, 2025 Diversified Royalty Corp. announced Monthly dividend of CAD 0.0208 per share payable on May 30, 2025, ex-date on May 15, 2025 and record date on May 15, 2025. Announcement • May 02
Diversified Royalty Corp. to Report Q1, 2025 Results on May 14, 2025 Diversified Royalty Corp. announced that they will report Q1, 2025 results on May 14, 2025 Announcement • Apr 14
Diversified Royalty Corp., Annual General Meeting, Jun 19, 2025 Diversified Royalty Corp., Annual General Meeting, Jun 19, 2025. Location: british columbia, vancouver Canada Announcement • Apr 04
Diversified Royalty Corp. Announces April 2025 Cash Dividend, Payable on April 30, 2025 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of April 1, 2025 to April 30, 2025, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on April 30, 2025 to shareholders of record as of the close of business on April 15, 2025. Announcement • Feb 05
Diversified Royalty Corp. Announces February 2025 Cash Dividend, Payable on February 28, 2025 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of February 1, 2025 to February 28, 2025, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on February 28, 2025 to shareholders of record as of the close of business on February 14, 2025. Announcement • Jan 03
Diversified Royalty Corp. Announces January 2025 Cash Dividend, Payable on January 31, 2025 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of January 1, 2025 to January 31, 2025, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on January 31, 2025 to shareholders of record as of the close of business on January 15, 2025. Announcement • Dec 04
Diversified Royalty Corp. Announces December 2024 Cash Dividend, Payable on December 31, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of December 1, 2024 to December 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on December 31, 2024 to shareholders of record as of the close of business on December 13, 2024. Declared Dividend • Nov 12
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 15th November 2024 Payment date: 29th November 2024 Dividend yield will be 8.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control. EPS is expected to grow by 2.6% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: CA$0.042 (vs CA$0.048 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.042. Revenue: CA$16.1m (up 18% from 3Q 2023). Net income: CA$6.89m (flat on 3Q 2023). Profit margin: 43% (down from 50% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Nov 05
Diversified Royalty Corp. Announces November 2024 Cash Dividend, Payable on November 29, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of November 1, 2024 to November 30, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on November 29, 2024 to shareholders of record as of the close of business on November 15, 2024. Declared Dividend • Oct 07
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 15th October 2024 Payment date: 31st October 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control. However, EPS is expected to decline by 2.7% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Declared Dividend • Sep 08
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 9.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control, which is more than the 15% EPS growth achieved over the last 5 years. Announcement • Sep 04
Diversified Royalty Corp. Approves Cash Dividend for the Period of September 1, 2024 to September 30, 2024, Payable on September 27, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of September 1, 2024 to September 30, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on September 27, 2024 to shareholders of record as of the close of business on September 13, 2024. Reported Earnings • Aug 12
Second quarter 2024 earnings released: EPS: CA$0.05 (vs CA$0.064 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.05 (down from CA$0.064 in 2Q 2023). Revenue: CA$16.8m (up 19% from 2Q 2023). Net income: CA$8.21m (down 9.7% from 2Q 2023). Profit margin: 49% (down from 64% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 12
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 9.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 28% to bring the payout ratio under control, which is more than the 15% EPS growth achieved over the last 5 years. Announcement • Aug 03
Diversified Royalty Corp. to Report First Half, 2024 Results on Aug 09, 2024 Diversified Royalty Corp. announced that they will report first half, 2024 results on Aug 09, 2024 Declared Dividend • Jul 08
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 15th July 2024 Payment date: 31st July 2024 Dividend yield will be 9.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years. Announcement • Jul 04
Diversified Royalty Corp. Announces July 2024 Cash Dividend, Payable on July 31, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of July 1, 2024 to July 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on July 31, 2024 to shareholders of record as of the close of business on July 15, 2024. Announcement • Jun 21
Diversified Royalty Corp. Elects Sherry McNeil as Director Diversified Royalty Corp. at its annual general meeting of shareholders held on June 20, 2024 elected Sherry McNeil as Director for the upcoming year. Declared Dividend • Jun 10
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 9.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control, which is more than the 16% EPS growth achieved over the last 5 years. Announcement • Jun 06
Diversified Royalty Corp. Approves a Cash Dividend for the Period of June 1, 2024 to June 30, 2024, Payable on June 28, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of June 1, 2024 to June 30, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on June 28, 2024 to shareholders of record as of the close of business on June 14, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: CA$0.049 (vs CA$0.047 in 1Q 2023) First quarter 2024 results: EPS: CA$0.049 (up from CA$0.047 in 1Q 2023). Revenue: CA$15.1m (up 22% from 1Q 2023). Net income: CA$7.51m (up 12% from 1Q 2023). Profit margin: 50% (down from 54% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 08
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 9.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control, which is more than the 15% EPS growth achieved over the last 5 years. Announcement • May 03
Diversified Royalty Corp. Declares Cash Dividend for the Month of May 2024, Payable on May 31, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of May 1, 2024 to May 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on May 31, 2024 to shareholders of record as of the close of business on May 15, 2024. Announcement • Apr 09
Diversified Royalty Corp., Annual General Meeting, Jun 20, 2024 Diversified Royalty Corp., Annual General Meeting, Jun 20, 2024. Declared Dividend • Apr 08
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 12th April 2024 Payment date: 30th April 2024 Dividend yield will be 9.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.2% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control, which is more than the 15% EPS growth achieved over the last 5 years. Announcement • Apr 04
Diversified Royalty Corp. Announces April 2024 Cash Dividend, Payable on April 30, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02083 per common share for the period of April 1, 2024 to April 30, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on April 30, 2024 to shareholders of record as of the close of business on April 15, 2024. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CA$0.22 (vs CA$0.12 in FY 2022) Full year 2023 results: EPS: CA$0.22 (up from CA$0.12 in FY 2022). Revenue: CA$56.5m (up 25% from FY 2022). Net income: CA$31.7m (up 104% from FY 2022). Profit margin: 56% (up from 34% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 11
Dividend of CA$0.021 announced Shareholders will receive a dividend of CA$0.021. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 9.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (184% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.2% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 104% to bring the payout ratio under control. However, EPS has declined by 1.2% over the last 5 years so the company would need to reverse this trend. Recent Insider Transactions • Feb 26
Director recently bought €182k worth of stock On the 23rd of February, Johnny Ciampi bought around 100k shares on-market at roughly €1.82 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €186k more in shares than they have sold in the last 12 months. New Risk • Feb 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 184% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (34% net profit margin). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Announcement • Feb 23
Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 54.05253 million. Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 54.05253 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 20,320,500
Price\Range: CAD 2.66
Discount Per Security: CAD 0.12 Announcement • Feb 15
Diversified Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 40.166 million. Diversified Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 40.166 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 15,100,000
Price\Range: CAD 2.66 Declared Dividend • Feb 12
Dividend of CA$0.02 announced Shareholders will receive a dividend of CA$0.02. Ex-date: 14th February 2024 Payment date: 29th February 2024 Dividend yield will be 8.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (184% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 104% to bring the payout ratio under control, which is more than the 1.4% EPS growth achieved over the last 5 years. Announcement • Feb 06
Diversified Royalty Corp. Announces February 2024 Cash Dividend, Payable on February 29, 2024 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02042 per common share for the period of February 1, 2024 to February 29, 2024, which is equal to $0.245 per common share on an annualized basis. The dividend will be paid on February 29, 2024 to shareholders of record as of the close of business on February 15, 2024. Announcement • Dec 05
Diversified Royalty Corp. Announces December 2023 Cash Dividend, Payable on December 29, 2023 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02042 per common share for the period of December 1, 2023 to December 31, 2023, which is equal to $0.245 per common share on an annualized basis. The dividend will be paid on December 29, 2023 to shareholders of record as of the close of business on December 15, 2023. Announcement • Nov 04
Diversified Royalty Corp. to Report Q3, 2023 Results on Nov 08, 2023 Diversified Royalty Corp. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Announcement • Nov 03
Diversified Royalty Corp. Announces Cash Dividend for the month ending November 30, 2023, Payable on November 30, 2023 Diversified Royalty Corp. confirmed that DIV’s annual dividend has increased from 24.0 cents per share to 24.5 cents per share effective November 1, 2023 as previously announced on October 4, 2023. In accordance with the dividend increase, DIV announced that its board of directors has approved a cash dividend of $0.02042 per common share for the period of November 1, 2023 to November 30, 2023, which is equal to $0.245 per common share on an annualized basis. The dividend will be paid on November 30, 2023 to shareholders of record as of the close of business on November 15, 2023. Announcement • Sep 06
Diversified Royalty Corp. Announces September 2023 Cash Dividend, Payable on September 29, 2023 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02 per common share for the period of September 1, 2023 to September 30, 2023, which is equal to $0.24 per common share on an annualized basis. The dividend will be paid on September 29, 2023 to shareholders of record as of the close of business on September 15, 2023. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CA$0.064 (vs CA$0.058 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.064 (up from CA$0.058 in 2Q 2022). Revenue: CA$14.1m (up 28% from 2Q 2022). Net income: CA$9.09m (up 27% from 2Q 2022). Profit margin: 64% (in line with 2Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
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. announced that its board of directors has approved a cash dividend of $0.02 per common share for the period of July 1, 2023 to July 31, 2023, which is equal to $0.24 per common share on an annualized basis. The dividend will be paid on July 31, 2023 to shareholders of record as of the close of business on July 14, 2023. Announcement • Jun 06
Diversified Royalty Corp. Approves Cash Dividend for the Period of June 1, 2023 to June 30, 2023, Payable on June 30, 2023 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02 per common share for the period of June 1, 2023 to June 30, 2023, which is equal to $0.24 per common share on an annualized basis. The dividend will be paid on June 30, 2023 to shareholders of record as of the close of business on June 15, 2023. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CA$0.047 (vs CA$0.051 in 1Q 2022) First quarter 2023 results: EPS: CA$0.047. Revenue: CA$12.3m (up 27% from 1Q 2022). Net income: CA$6.69m (up 8.0% from 1Q 2022). Profit margin: 54% (down from 64% in 1Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Upcoming Dividend • May 05
Upcoming dividend of CA$0.02 per share at 8.1% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 31 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%). Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: CA$0.12 (vs CA$0.19 in FY 2021) Full year 2022 results: EPS: CA$0.12 (down from CA$0.19 in FY 2021). Revenue: CA$45.2m (up 21% from FY 2021). Net income: CA$15.6m (down 34% from FY 2021). Profit margin: 34% (down from 63% in FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Diversified Royalty Corp. Approves Cash Dividend for the Period of February 1, 2023 to February 28, 2023, Payable on February 28, 2023 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.02 per common share for the period of February 1, 2023 to February 28, 2023, which is equal to $0.24 per common share on an annualized basis. The dividend will be paid on February 28, 2023 to shareholders of record as of the close of business on February 13, 2023. Announcement • Jan 05
Diversified Royalty Corp. Confirms Increase to the Monthly Dividend and Announces January 2023 Cash Dividend, Payable on January 31, 2023 Diversified Royalty Corp. confirmed that DIV’s annual dividend has increased from 23.5 cents per share to 24.0 cents per share effective January 1, 2023 as previously announced on November 14, 2022. In accordance with the dividend increase, DIV announced that its board of directors has approved a cash dividend of $0.02 per common share for the period of January 1, 2023 to January 31, 2023, which is equal to $0.24 per common share on an annualized basis. The dividend will be paid on January 31, 2023 to shareholders of record as of the close of business on January 16, 2023. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$0.054 (vs CA$0.049 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.054 (up from CA$0.049 in 3Q 2021). Revenue: CA$11.6m (up 18% from 3Q 2021). Net income: CA$6.73m (up 13% from 3Q 2021). Profit margin: 58% (down from 60% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 10
Diversified Royalty Corp. Increases Monthly Dividend Diversified Royalty Corp. announced a 6.8% increase to its monthly dividend. The Board has approved an increase to the dividend from $0.01833 per share per month ($0.22 per share on an annualized basis) to $0.01958 per share per month ($0.235 per share on an annualized basis) effective October 2022. Announcement • Sep 07
Diversified Royalty Corp. Announces September 2022 Cash Dividend, Payable on September 29, 2022 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.01833 per common share for the period of September 1, 2022 to September 30, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on September 29, 2022 to shareholders of record as of the close of business on September 15, 2022. Recent Insider Transactions • Aug 26
Insider recently sold €309k worth of stock On the 19th of August, Lance Tracey sold around 140k shares on-market at roughly €2.21 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: CA$0.058 (vs CA$0.043 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.058 (up from CA$0.043 in 2Q 2021). Revenue: CA$11.1m (up 21% from 2Q 2021). Net income: CA$7.14m (up 37% from 2Q 2021). Profit margin: 65% (up from 57% in 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Diversified Royalty Corp. to Report Q2, 2022 Results on Aug 12, 2022 Diversified Royalty Corp. announced that they will report Q2, 2022 results After-Market on Aug 12, 2022 Announcement • Aug 05
Diversified Royalty Corp. Announces Cash Dividend for August 2022, Payable on August 31, 2022 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.01833 per common share for the period of August 1, 2022 to August 31, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on August 31, 2022 to shareholders of record as of the close of business on August 15, 2022. Announcement • Jul 09
Diversified Royalty Corp. Elects Roger Chouinard as Director Diversified Royalty Corp. elected Roger Chouinard as director of the company, at the AGM held on July 7, 2022. Announcement • Jul 06
Diversified Royalty Corp. Announces Cash Dividend for July 2022, Payable on July 29, 2022 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.01833 per common share for the period of July 1, 2022 to July 31, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on July 29, 2022 to shareholders of record as of the close of business on July 15, 2022. Announcement • Jun 03
Diversified Royalty Corp. Announces June 2022 Cash Dividend, Payable on June 30, 2022 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.01833 per common share for the period of June 1, 2022 to June 30, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on June 30, 2022 to shareholders of record as of the close of business on June 15, 2022. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: CA$0.051 (vs CA$0.034 in 1Q 2021) First quarter 2022 results: EPS: CA$0.051 (up from CA$0.034 in 1Q 2021). Revenue: CA$9.74m (up 28% from 1Q 2021). Net income: CA$6.20m (up 50% from 1Q 2021). Profit margin: 64% (up from 54% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 05
Diversified Royalty Corp. to Report Q1, 2022 Results on May 10, 2022 Diversified Royalty Corp. announced that they will report Q1, 2022 results After-Market on May 10, 2022 Announcement • May 04
Diversified Royalty Corp. Announces May 2022 Cash Dividend, Payable on May 31, 2022 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.01833 per common share for the period of May 1, 2022 to May 31, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on May 31, 2022 to shareholders of record as of the close of business on May 13, 2022. Announcement • Apr 23
Diversified Royalty Corp., Annual General Meeting, Jun 28, 2022 Diversified Royalty Corp., Annual General Meeting, Jun 28, 2022. Announcement • Apr 06
Diversified Royalty Corp. Approves Cash Dividend for the Period of April 1, 2022 to April 30, 2022, Payable on April 29, 2022 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.01833 per common share for the period of April 1, 2022 to April 30, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on April 29, 2022 to shareholders of record as of the close of business on April 14, 2022. Reported Earnings • Mar 12
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CA$0.19 (up from CA$0.075 loss in FY 2020). Revenue: CA$37.3m (up 22% from FY 2020). Net income: CA$23.5m (up CA$32.4m from FY 2020). Profit margin: 63% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 25%, compared to a 18% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Mar 06
Diversified Royalty Corp. Announces Cash Dividend for the Period of March 1, 2022 to March 31, 2022, Payable on March 31, 2022 Diversified Royalty Corp. announced that its board of directors has approved a cash dividend of $0.01833 per common share for the period of March 1, 2022 to March 31, 2022, which is equal to $0.22 per common share on an annualized basis. The dividend will be paid on March 31, 2022 to shareholders of record as of the close of business on March 15, 2022. 
