Diversified Royalty (TSE:DIV) has released an update.
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Diversified Royalty Corp. has declared a monthly cash dividend of $0.02083 per share for April 2024, totaling an annualized payout of $0.25 per share, to be distributed on April 30 to shareholders on record by April 15. The company, which owns a portfolio of trademarks from various North American multi-location businesses and franchisors, aims to provide shareholders with stable and potentially increasing dividends over time, in line with its cash flow.
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