Diversified Royalty's Q3-2024 results show royalty income surpassing prior year, with Mr. Lube driving growth; Mr. Mikes and Air Miles declined. The yield is now a shade under 9% and the payout ratio is under 100%. We go over the risks and see if this makes it to our buy list.
Diversified Royalty Corp reported solid top-line growth in Q2-2024. We are seeing some weakness below the surface though as some royalty streams appear to be quite weak. We analyze the setup and give you our verdict on this 8% yielder.
Diversified Royalty Corp. had solid Q1-2024 results, with total revenues over $15 million and income from operations rising 22% year over year. Most royalty partners are doing well, except for AIR MILES and Mr. Mikes, which showed weaker performance. We review the results and tell you why we sold the convertible debentures.
BEVF BEVFF 6 days ago Announced | Monthly | $0.02 Per Share |
BEVF BEVFF 1 month ago Paid | Monthly | $0.01 Per Share |
BEVF BEVFF 2 months ago Paid | Monthly | $0.01 Per Share |
BEVF BEVFF 3 months ago Paid | Monthly | $0.01 Per Share |
BEVF BEVFF 4 months ago Paid | Monthly | $0.01 Per Share |
7 May 2025 Date | | 0.04 Cons. EPS | 0.04 EPS |
19 Mar 2025 Date | | 0.05 Cons. EPS | 0.06 EPS |
6 Nov 2024 Date | | 0.03 Cons. EPS | 0.03 EPS |
12 Aug 2024 Date | | 0.04 Cons. EPS | - EPS |
9 Aug 2024 Date | | 0.05 Cons. EPS | 0.05 EPS |
BEVF BEVFF 6 days ago Announced | Monthly | $0.02 Per Share |
BEVF BEVFF 1 month ago Paid | Monthly | $0.01 Per Share |
BEVF BEVFF 2 months ago Paid | Monthly | $0.01 Per Share |
BEVF BEVFF 3 months ago Paid | Monthly | $0.01 Per Share |
BEVF BEVFF 4 months ago Paid | Monthly | $0.01 Per Share |
7 May 2025 Date | | 0.04 Cons. EPS | 0.04 EPS |
19 Mar 2025 Date | | 0.05 Cons. EPS | 0.06 EPS |
6 Nov 2024 Date | | 0.03 Cons. EPS | 0.03 EPS |
12 Aug 2024 Date | | 0.04 Cons. EPS | - EPS |
9 Aug 2024 Date | | 0.05 Cons. EPS | 0.05 EPS |
Conglomerates Industry | Industrials Sector | Mr. Sean Morrison C.A., CPA CEO | OTC PINK Exchange | CA2553311002 ISIN |
Canada Country | 39 Employees | 13 Jun 2025 Last Dividend | 5 Jul 2002 Last Split | - IPO Date |
Diversified Royalty Corp. is a multi-royalty corporation based in Vancouver, Canada. Established in 1960, the company specializes in acquiring royalties from multi-location businesses and franchisors throughout North America. Initially known as BENEV Capital Inc., it underwent a rebranding to Diversified Royalty Corp. in September 2014. The corporation's business model focuses on owning trademarks and leveraging these assets to generate royalty income, capitalizing on the branding and operational success of its diverse portfolio of companies.
A revered trademark in the real estate sector, reflecting Diversified Royalty Corp.'s investment in property-related royalties.
An iconic brand in the automotive maintenance and tire service industry, representing the corporation's stake in vehicle care and servicing royalties.
One of the leading loyalty programs in North America, showcasing the company's involvement in consumer reward programs and related royalties.
A well-known casual dining restaurant chain, indicating the entity's investment in the hospitality and food service royalty sector.
A prominent home care services brand, reflecting the company's dedication to healthcare and elder care service royalties.
A leading name in tutoring and educational services, representing the corporation's commitment to royalties in the education sector.
A notable brand in commercial cleaning and janitorial services, showcasing Diversified Royalty Corp.'s investment in maintenance and cleaning service royalties.
A fast-growing Mexican food chain, indicating the company's foothold in the fast casual dining sector and related royalties.