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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]