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Diversified Royalty Corp. Announces Increase to Previously Announced Public Offering of 5.75% Convertible Unsecured Subordinated Debentures to $60 Million
Globenewswire· 2026-02-03 13:51
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN ONE BUSINESS DAY, ON SEDAR+ VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that, due to strong demand, it has entered into a revised agreement with a syndicate of underwriters led by CIBC Capital Markets (collect ...
Diversified Royalty Corp. Announces $50 Million Bought Deal Public Offering of 5.75% Convertible Unsecured Subordinated Debentures
Globenewswire· 2026-02-02 21:12
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ VANCOUVER, British Columbia, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets (collectively, the “Underwriters”) pu ...
Diversified Royalty Corp. Announces Amendment to AIR MILES® Licenses
Globenewswire· 2026-01-26 15:31
VANCOUVER, British Columbia, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its wholly-owned subsidiary AM Royalties Limited Partnership (“AM LP”) has entered into an amendment agreement (the “Amendment”) with Air Miles Loyalty Inc. (“Air Miles”) and the Bank of Montreal (“BMO”) to amend the terms of the two license agreements pursuant to which the AIR MILES® trademarks and related intellectual property are license ...
Diversified Royalty Corp. Announces January 2026 Cash Dividend
Globenewswire· 2026-01-05 22:05
Core Viewpoint - Diversified Royalty Corp. has announced a cash dividend of $0.02375 per common share for January 2026, equating to an annualized rate of $0.285 per share, to be paid on January 30, 2026 [1] Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [2] - The company's objective is to acquire predictable and growing royalty streams from a diverse group of businesses and franchisors [2] Current Holdings - DIV owns trademarks for several brands including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, and Cheba Hut [3] - Mr. Lube + Tires is the leading quick lube service in Canada, while AIR MILES® is the largest coalition loyalty program in the country [3] - Sutton is a leading residential real estate brokerage franchisor, and Mr. Mikes operates casual steakhouses primarily in Western Canada [3] - Nurse Next Door provides home care services across Canada, the U.S., and Australia, while Oxford Learning Centres offers supplemental education services [3] - Stratus Building Solutions is a commercial cleaning service franchise, BarBurrito is the largest quick-service Mexican restaurant chain in Canada, and Cheba Hut is a fast-casual sub sandwich franchise in the U.S. [3] Financial Strategy - The company aims to increase cash flow per share through accretive royalty purchases and growth of purchased royalties [4] - DIV intends to maintain a predictable and stable monthly dividend for shareholders and plans to increase the dividend over time as cash flow per share allows [4]
Diversified Royalty Corp. Announces December 2025 Cash Dividend
Globenewswire· 2025-12-03 22:05
Core Points - Diversified Royalty Corp. has increased its annual dividend from $0.275 per share to $0.285 per share effective December 1, 2025, with a cash dividend of $0.02375 per common share for the period of December 1, 2025, to December 31, 2025 [1] - The dividend will be paid on December 31, 2025, to shareholders of record as of the close of business on December 15, 2025 [1] Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [2] - The company's objective is to acquire predictable, growing royalty streams from a diverse group of businesses and franchisors [2] Current Holdings - DIV currently owns trademarks for several brands including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, and Cheba Hut [3] - Mr. Lube + Tires is the leading quick lube service business in Canada, while AIR MILES® is Canada's largest coalition loyalty program [3] - Other notable holdings include Sutton, a leading residential real estate brokerage franchisor, and BarBurrito, the largest quick service Mexican restaurant chain in Canada [3] Financial Strategy - The company's strategy is to increase cash flow per share through accretive royalty purchases and the growth of purchased royalties [4] - DIV aims to maintain a predictable and stable monthly dividend to shareholders and increase the dividend over time as cash flow per share allows [4]
Diversified Royalty Corp. Announces Third Quarter 2025 Results and a 1¢ Dividend Increase on an Annual Basis
Globenewswire· 2025-11-13 02:26
Core Insights - Diversified Royalty Corp. reported strong financial results for Q3 2025, with a weighted average organic royalty growth of 5.0% and significant contributions from various royalty partners [3][5][19] Financial Performance - Revenue for Q3 2025 was $18.3 million, representing a 13.4% increase compared to Q3 2024, while revenue for the nine months ended September 30, 2025, was $51.7 million, up 7.9% year-over-year [5][19] - Adjusted revenue for Q3 2025 was $19.6 million, a 12.6% increase from Q3 2024, and $55.7 million for the nine months, up 7.5% [5][19] - Distributable cash reached $13.1 million in Q3 2025, an 18.8% increase from Q3 2024, and $36.9 million for the nine months, up 14.6% [5][19] - The payout ratio decreased to 89.3% in Q3 2025 from 94.1% in Q3 2024, reflecting higher distributable cash per share [5][18] Royalty Partner Performance - Mr. Lube + Tires led with a same-store sales growth (SSSG) of 10.3% in Q3 2025, compared to 7.7% in Q3 2024 [8][11] - Oxford Learning Centres achieved SSSG of 4.4% in Q3 2025, up from 1.8% in Q3 2024 [12] - Mr. Mikes reported SSSG of 1.0% in Q3 2025, recovering from a decline of 3.1% in Q3 2024 [11] - AIR MILES® royalty income decreased by 10.7% to $0.8 million in Q3 2025, reflecting ongoing challenges in the rewards program [13] - Sutton's royalty income was $0.9 million, including a 20% royalty deferral [14] Dividend Policy - The board approved an increase in the annualized dividend from $0.2750 to $0.2850 per share, effective December 1, 2025, marking a 3.6% increase [5][19] Company Overview - Diversified Royalty Corp. focuses on acquiring top-line royalties from multi-location businesses and franchisors in North America, aiming for predictable and growing royalty streams [20][22]
Diversified Royalty Corp. Announces November 2025 Cash Dividend and Q3 2025 Earnings Release Date
Globenewswire· 2025-11-03 22:05
Core Points - Diversified Royalty Corp. has announced a cash dividend of $0.02292 per common share for the period of November 1, 2025, to November 30, 2025, which annualizes to $0.275 per common share [1] - The dividend will be paid on November 28, 2025, to shareholders of record as of the close of business on November 14, 2025 [1] - The company will release its earnings results for the three and nine months ended September 30, 2025, on November 12, 2025 [2] Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [3] - The company's objective is to acquire predictable, growing royalty streams from a diverse group of businesses and franchisors [3] Current Holdings - The company currently owns trademarks for several brands, including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, and Cheba Hut [4] - Mr. Lube + Tires is the leading quick lube service business in Canada, while AIR MILES® is the largest coalition loyalty program in the country [4] - Sutton is a leading residential real estate brokerage franchisor, and Mr. Mikes operates casual steakhouses primarily in western Canada [4] - Nurse Next Door provides home care services across Canada, the U.S., and Australia, while Oxford Learning Centres offers supplemental education services [4] - Stratus Building Solutions is a commercial cleaning service franchise, BarBurrito is the largest quick-service Mexican restaurant chain in Canada, and Cheba Hut is a fast-casual toasted sub sandwich franchise in the U.S. [4] Financial Strategy - The company's objective is to increase cash flow per share through accretive royalty purchases and the growth of purchased royalties [5] - Diversified Royalty Corp. intends to maintain a predictable and stable monthly dividend for shareholders and aims to increase the dividend over time as cash flow per share allows [5]
Diversified Royalty Corp. Announces October 2025 Cash Dividend
Globenewswire· 2025-10-02 21:05
Core Viewpoint - Diversified Royalty Corp. has announced a cash dividend of $0.02292 per common share for the period of October 1, 2025, to October 31, 2025, which annualizes to $0.275 per common share [1] Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [2] - The company's objective is to acquire predictable and growing royalty streams from a diverse group of businesses and franchisors [2] Current Holdings - The company currently owns trademarks for several brands, including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, and Cheba Hut [3] - Mr. Lube + Tires is recognized as the leading quick lube service business in Canada, while AIR MILES® is the largest coalition loyalty program in the country [3] - Sutton is a leading residential real estate brokerage franchisor, and Mr. Mikes operates casual steakhouses primarily in Western Canada [3] - Nurse Next Door provides home care services across Canada, the U.S., and Australia, while Oxford Learning Centres offers supplemental education services [3] - Stratus Building Solutions is a prominent commercial cleaning service franchise in the U.S., BarBurrito is the largest quick-service Mexican restaurant chain in Canada, and Cheba Hut is a fast-casual toasted sub sandwich franchise in the U.S. [3] Financial Strategy - The company aims to increase cash flow per share through accretive royalty purchases and the growth of purchased royalties [4] - Diversified Royalty Corp. intends to maintain a predictable and stable monthly dividend for shareholders and plans to increase the dividend over time as cash flow per share allows [4]
Diversified Royalty Corp. Announces September 2025 Cash Dividend
Globenewswire· 2025-09-03 21:05
Core Viewpoint - Diversified Royalty Corp. has announced a cash dividend of $0.02292 per common share for the period of September 1, 2025, to September 30, 2025, which annualizes to $0.275 per common share [1] Group 1: Dividend Announcement - The board of directors has approved a cash dividend of $0.02292 per common share for September 2025 [1] - The dividend will be paid on September 29, 2025, to shareholders of record as of September 15, 2025 [1] Group 2: Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [2] - The company's objective is to acquire predictable and growing royalty streams from a diverse group of businesses [2] Group 3: Current Holdings - DIV owns trademarks for several brands including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, and Cheba Hut [3] - Mr. Lube + Tires is the leading quick lube service in Canada, while AIR MILES® is the largest coalition loyalty program in the country [3] - Sutton is a leading residential real estate brokerage franchisor, and Mr. Mikes operates casual steakhouses primarily in western Canada [3] - Nurse Next Door provides home care services across Canada, the U.S., and Australia [3] - Oxford Learning Centres offers supplemental education services, and Stratus Building Solutions is a commercial cleaning service franchise [3] - BarBurrito is the largest quick-service Mexican restaurant chain in Canada, and Cheba Hut is a fast-casual toasted sub sandwich franchise in the U.S. [3] Group 4: Financial Strategy - The company's objective is to increase cash flow per share through accretive royalty purchases and growth of purchased royalties [4] - DIV aims to maintain a predictable and stable monthly dividend to shareholders and increase it over time as cash flow per share allows [4]
Diversified Royalty Corp. Announces August 2025 Cash Dividend and Q2 2025 Earnings Release Date
Globenewswire· 2025-08-05 21:05
Core Points - Diversified Royalty Corp. has announced a cash dividend of $0.02292 per common share for the period of August 1, 2025, to August 31, 2025, which annualizes to $0.275 per common share [1] - The dividend will be paid on August 29, 2025, to shareholders of record as of the close of business on August 15, 2025 [1] - The company will release its earnings results for the three and six months ended June 30, 2025, on August 6, 2025 [2] Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [3] - The company's objective is to acquire predictable and growing royalty streams from a diverse group of businesses and franchisors [3] Current Holdings - The company currently owns trademarks for several brands, including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, and Cheba Hut [4] - Mr. Lube + Tires is recognized as the leading quick lube service business in Canada, while AIR MILES® is the largest coalition loyalty program in the country [4] Financial Strategy - Diversified Royalty Corp. aims to increase cash flow per share through accretive royalty purchases and the growth of purchased royalties [5] - The company intends to maintain a predictable and stable monthly dividend to shareholders and plans to increase the dividend over time as cash flow per share allows [5]