Business
Diversified Royalty Corp. Announces April 2025 Cash Dividend
VANCOUVER, British Columbia, April 03, 2025 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX:&#...
About this update from Diversified Royalty Corp.
[{"type":"text","content":"Diversified Royalty Corp. Announces April 2025 Cash Dividend\n\n\n\n VANCOUVER, British Columbia, April 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 $0.02083 per common share for the period of April 1, 2025 to April 30, 2025, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on April 30, 2025 to shareholders of record as of the close of business on April 15, 2025.\n \n\n\n About Diversified Royalty Corp.\n \n\n\n DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.\n \n\n DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada.\n \n\n DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.\n \n\n\n Forward Looking Statements\n \n\n\n\n Certain sta...