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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].