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Diversified Royalty Corp. Announces November 2025 Cash Dividend and Q3 2025 Earnings Release Date
Globenewswire· 2025-11-03 22:05
VANCOUVER, British Columbia, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.02292 per common share for the period of November 1, 2025 to November 30, 2025, which is equal to $0.275 per common share on an annualized basis. The dividend will be paid on November 28, 2025 to shareholders of record as of the close of business on November 14, 2025. Q3 2025 Earning ...
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]
Diversified Royalty Corp. Announces Additions to the Mr. Lube + Tires Royalty Pool, May 2025 Cash Dividend and Q1 2025 Earnings Release Date
Globenewswire· 2025-05-01 21:00
Core Viewpoint - Diversified Royalty Corp. has adjusted the Mr. Lube + Tires royalty pool to include six new flagship locations, bringing the total to 149 locations, while removing one permanently closed location [1] Company Performance - Mr. Lube + Tires is experiencing strong same-store sales growth across its franchise system, indicating a positive outlook for continued growth [2] - The performance of franchisees in 2024 has been commendable, with a focus on brand growth and enhancing store-level economics [3] Royalty Pool Adjustments - The Mr. Lube + Tires Royalty Pool is adjusted annually on May 1 to include new locations opened since July 1 of the previous year and to remove permanently closed locations [4] - The initial consideration for the additional royalty revenue from the new locations was $4.0 million, which is 80% of the total estimated consideration of $5.0 million, paid in the form of common shares [5] - The remaining consideration for the new locations will be paid on May 1, 2026, adjusted based on actual system sales for the year ending December 31, 2025 [6] Previous Adjustments - On May 1, 2023, the royalty pool was adjusted to include five new locations, with an initial consideration of $4.7 million, which was also 80% of the total estimated consideration [7] - The actual system sales for the 2023 True-Up Locations were determined to be $10.1 million, leading to a total consideration of $7.1 million, with a remaining cash payment of $2.4 million made on May 1, 2025 [8] Dividend Announcement - The board of directors has approved a cash dividend of $0.02083 per common share for May 2025, equating to an annualized rate of $0.25 per share, to be paid on May 30, 2025 [10] Company Overview - Diversified Royalty Corp. is focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America, aiming to generate predictable and growing royalty streams [12][14]