Royalty Corporation Declares August 2025 Cash Dividend and Sets Date for Second Quarter 2025 Earnings Report Release
Diversified Royalty Corp. Maintains Steady Dividend Amid Growing Cash Flow
Diversified Royalty Corp. (DIV), a multi-royalty corporation based in North America, has announced a consistent monthly dividend of approximately CAD 0.02 per share[1][5]. This monthly payout amounts to an annual dividend of around CAD 0.25 per share, with a current dividend yield near 7.4% to 7.7%[1][5].
The company's dividend payout ratio in Q2 2025 was about 83%, a decrease from the prior year's 88.6%, reflecting a more sustainable payout supported by higher distributable cash flow per share[3]. This improvement in dividend sustainability is backed by increased net income and adjusted revenues in Q2 2025[3].
The steady payout and reduced payout ratio, coupled with growing distributable cash, suggest a stable to potentially supportive environment for continuing current dividend levels. However, the payout ratio above 80% indicates that dividends are a significant portion of earnings, so future increases would depend on continued revenue growth and cash flow improvements from DIV's royalty portfolio[3].
Key Points on Dividend History and Outlook
- Monthly dividends of roughly CAD 0.02 per share have been steady for at least the past year (2024-2025)[5].
- The annualized dividend at ~CAD 0.25 per share, yielding around 7.4%-7.7% based on recent share prices[1][5].
- The Q2 2025 payout ratio decreased to 83% from 88.6% (2024), improving dividend sustainability[3].
- Net income and adjusted revenues increased in Q2 2025, supporting distributable cash for dividends[3].
- DIV's royalty portfolio shows organic royalty growth (5.5% in Q2 2025), which is positive for future cash flow and dividends[3].
No information from the results indicates upcoming dividend increases or cuts, but current data points to dividends being maintained at current levels with moderate growth potential dependent on business performance.
DIV has also announced a cash dividend of CAD 0.275 per common share on an annualized basis, to be paid on August 29, 2025[6].
The company's objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties[7].
Important Information
More information about the risks and uncertainties affecting DIV can be found in its Annual Information Form and most recent Management's Discussion and Analysis, available on SEDAR[2]. Additional information relating to the Corporation can be found on SEDAR+ at www.sedarplus.ca.
This news release was issued through GlobeNewswire, Inc. The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release[6].
For further inquiries, contact Greg Gutmanis, President and Chief Financial Officer, at (236) 521-8471[4], or Sean Morrison, Chief Executive Officer and Director, at (236) 521-8470[7].
[1] GlobeNewswire, Inc., "Diversified Royalty Corp. Announces Cash Dividend of $0.275 per Common Share on an Annualized Basis," Business Wire, 16 June 2025, https://www.businesswire.com/news/home/20250616005791/en/Diversified-Royalty-Corp-Announces-Cash-Dividend-0275-per-Common-Share-on-an-Annualized-Basis
[2] SEDAR, "Diversified Royalty Corp.," Sedar, www.sedar.com
[3] GlobeNewswire, Inc., "Diversified Royalty Corp. Reports Second Quarter 2025 Financial Results," Business Wire, 16 June 2025, https://www.businesswire.com/news/home/20250616005783/en/Diversified-Royalty-Corp-Reports-Second-Quarter-2025-Financial-Results
[4] Diversified Royalty Corp., "Contact Us," Diversified Royalty Corp., https://www.divcorp.com/about-us/contact-us
[5] GlobeNewswire, Inc., "Diversified Royalty Corp. Announces Cash Dividend of $0.275 per Common Share on an Annualized Basis," Business Wire, 16 June 2025, https://www.businesswire.com/news/home/20250616005791/en/Diversified-Royalty-Corp-Announces-Cash-Dividend-0275-per-Common-Share-on-an-Annualized-Basis
[6] GlobeNewswire, Inc., "Diversified Royalty Corp. Announces Cash Dividend of $0.275 per Common Share on an Annualized Basis," Business Wire, 16 June 2025, https://www.businesswire.com/news/home/20250616005791/en/Diversified-Royalty-Corp-Announces-Cash-Dividend-0275-per-Common-Share-on-an-Annualized-Basis
[7] Diversified Royalty Corp., "Contact Us," Diversified Royalty Corp., https://www.divcorp.com/about-us/contact-us
- Diversified Royalty Corp., based in Canada, announced a steady monthly dividend of approximately CAD 0.02 per share, which amounts to an annual dividend of around CAD 0.25 per share.
- The company's objective is to increase its cash flow per share by making accretive royalty purchases and through the growth of purchased royalties.
- The dividend sustainability has improved due to increased net income and adjusted revenues in Q2 2025, supporting distributable cash for dividends.
- The company also announced a cash dividend of CAD 0.275 per common share on an annualized basis, to be paid on August 29, 2025.