CA - Diversified Royalty: Yield Approaching 9%

2025-03-10 06:48:27 ET

Summary

• Diversified Royalty's Q3-2024 results show royalty income surpassing prior year, with Mr. Lube driving growth; Mr. Mikes and Air Miles declined.
• The yield is now a shade under 9% and the payout ratio is under 100%.
• We go over the risks and see if this makes it to our buy list.

Note: All amounts are in Canadian Dollars unless noted otherwise.

There were plenty of other fish in the sea, was our sentiment when we covered Diversified Royalty Corp. ( DIV:CA ) back in October of last year. We have been buyers of their convertible debentures in the past, and even those did not seem lucrative at the time....

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