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CA - Diversified Royalty: 8.4% Yielder After The 10% Dividend Hike
Xtrackers California Municipal Bonds ETF
2025-07-10 12:12:17 ET
Note: All amounts are in Canadian Dollars unless noted otherwise.
We passed on both the common shares and the debentures the last time we covered Diversified Royalty Corp. (TSX: DIV:CA ). The price of the common shares had declined, making the dividend yield close to 9%. The royalty structure protected it from margin pressures, but after weighing the pros and cons, the valuation failed to appeal to us....