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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]
Diversified Royalty Corp. Announces Filing of Final Short Form Base Shelf Prospectus
GlobeNewswire News Room· 2025-07-23 00:30
Core Viewpoint - Diversified Royalty Corp. has filed a final short form base shelf prospectus to maintain financial flexibility and access to Canadian capital markets for strategic initiatives [1][2]. Group 1: Prospectus Details - The prospectus is valid for a 25-month period, allowing DIV to issue various securities including common shares, warrants, and debt securities [2]. - Specific terms for any offerings will be detailed in shelf prospectus supplements filed at the time of the offering [2]. 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 [3]. - The company aims to acquire predictable and growing royalty streams from a diverse group of businesses [3]. Group 3: 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 [4]. - Mr. Lube + Tires is recognized as the leading quick lube service in Canada, while AIR MILES® is the largest coalition loyalty program in the country [4]. Group 4: Financial Objectives - The company's objective is to increase cash flow per share through accretive royalty purchases and growth of purchased royalties [5]. - DIV intends to maintain a predictable and stable monthly dividend for shareholders, with plans to increase it over time as cash flow per share allows [5].
Diversified Royalty Corp. Announces July 2025 Cash Dividend
Globenewswire· 2025-07-03 21:05
Core Viewpoint - Diversified Royalty Corp. has announced an increase in its annual dividend from 25.0 cents per share to 27.5 cents per share effective July 1, 2025, with a cash dividend of $0.02292 per common share for the period of July 1, 2025, to July 31, 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 and growing royalty streams from a diverse group of businesses and franchisors [2] Business Operations - 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 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 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] - DIV intends 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 June 2025 Cash Dividend
Globenewswire· 2025-06-03 21:05
Core Viewpoint - Diversified Royalty Corp. has announced a cash dividend of $0.02083 per common share for the period of June 1, 2025, to June 30, 2025, which annualizes to $0.25 per common share, to be paid on June 30, 2025, to shareholders of record as of June 13, 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 and growing royalty streams from a diverse group of businesses and franchisors [2] Business Operations - 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, and BarBurrito [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 prominent residential real estate brokerage franchisor, and Mr. Mikes operates casual steakhouse restaurants 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 leading commercial cleaning service franchise in the U.S., and BarBurrito is the largest quick-service Mexican restaurant chain in Canada [3] Financial Strategy - The company's goal 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 for shareholders and plans to increase the dividend over time as cash flow per share allows [4]