BEVFF - Diversified Royalty: Another Dividend Hike Takes 8.6%-Yielder Higher
2024-04-24 16:25:34 ET
Summary
- Diversified Royalty Corp. earns royalty and management fees from various businesses in North America.
- The company hiked its dividend once more as it delivered a solid performance.
- We look at the 8.6%-yielder and tell how we are playing it.
All values are in CAD unless noted otherwise.
Diversified Royalty Corp. ([[BEVFF]], [[DIV:CA]]) earns royalty and management fees from varied businesses across North America. Its royalty roster includes well-known names like Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, and BarBurrito. The latter was added fairly recently, in October 2023. Being a top-line royalty company, its expenses are few and consist of "salaries and benefits, general and administration, professional fees and interest on credit facilities," as noted in the MD&A . Its raison d'être is to add quality royalty partners, and increase the sales of those businesses, which in turn aids in their ultimate goal, which is to maximize the distributions to its shareholders. Detailed ins and outs of this royalty company can be consumed from their financial reports ....
Diversified Royalty: Another Dividend Hike Takes 8.6%-Yielder Higher