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Diversified Royalty Corp (DIV.TO)

DIV.TO on Toronto Stock Exchange

3.20CAD
22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Diversified Royalty Announces Q4 And 2017 Annual Financial Results
Thursday, 29 Mar 2018 04:30pm EDT 

March 29 (Reuters) - Diversified Royalty Corp ::DIVERSIFIED ROYALTY CORP. ANNOUNCES FOURTH QUARTER AND 2017 ANNUAL RESULTS.DIVERSIFIED ROYALTY CORP - IN Q4 OF 2017, DIVIDEND GENERATED $6.9 MILLION OF ROYALTY REVENUE AND MANAGEMENT FEES COMPARED TO $6.4 MILLION IN Q4 OF 2016.DIVERSIFIED ROYALTY CORP - NET INCOME FOR Q4 OF 2017 WAS $3.5 MILLION, VERSUS NET INCOME OF $5.3 MILLION IN THE PRIOR YEAR.  Full Article

Diversified Royalty announces Q3 results
Thursday, 9 Nov 2017 06:30pm EST 

Nov 9 (Reuters) - Diversified Royalty Corp ::Says ‍net income for Q3 of 2017 was $3.1 million, compared to a net loss of $0.3 million in prior year​.  Full Article

Diversified Royalty on June 20, Co's unit, amends credit agreement to extend maturity of credit facility to June 30, 2022
Wednesday, 5 Jul 2017 05:00pm EDT 

July 5 (Reuters) - Diversified Royalty Corp ::Diversified Royalty Corp announces July 2017 cash dividend, amendment of SGRS Royalties LP credit facility, Sutton royalty rate increase, and q2 2017 earnings release date.Diversified Royalty- on June 20, Co's unit that owns Sutton trademarks, amended credit agreement to extend maturity of credit facility to June 30, 2022.Diversified Royalty Corp - effective July 1, Sutton monthly royalty rate increased from $57.375 per agent to $58.5225 per agent.Diversified Royalty - ‍in addition, amendment provides an improvement of 25 basis points compared to interest rate under sgrs lp's previous credit facility​.  Full Article

Diversified Royalty Q1 revenue of $4.1 million
Thursday, 11 May 2017 05:00pm EDT 

May 11 (Reuters) - Diversified Royalty Corp ::Diversified Royalty Corp announces first quarter results.Revenues of $4.1 million for Q1.Diversified royalty-combined same-store-sales-growth for Mr. Lube Canada Limited Partnership & Sutton Group Realty Services Ltd of positive 2.5% for q1.  Full Article

Diversified Royalty Corp announces Q4 revenue C$6.4 mln
Tuesday, 28 Mar 2017 07:41pm EDT 

Diversified Royalty Corp : Diversified Royalty Corp. announces fourth quarter and 2016 annual results . Q4 revenue C$6.4 million . Net income for Q4 was $5.3 million, an increase of $3.6 million compared to same period in prior year .Diversified Royalty - Same-store-sales-growth for Mr. Lube Canada Limited partnership and sutton combined of positive 5.3 percent for Q4 and positive 4.3 percent for FY.  Full Article

Diversified Royalty Corp. announces final resolution of John Bennett indemnity litigation
Thursday, 8 Dec 2016 11:02am EST 

Diversified Royalty Corp : Diversified Royalty Corp. announces final resolution of John Bennett indemnity litigation . Says co has agreed to make payment of $1.1 million in full satisfaction of all remaining and potential liabilities . All of proceedings currently existing between parties will be dismissed on consent without costs . Bennett has signed a full and final release of all past, present and future claims against corporation .As part of settlement, dividend's payments of $7.5 million versus $8.6 million accrued on dividend's balance sheet to result in $1.1 million accounting gain.  Full Article

Diversified Royalty Corp announces third quarter 2016 results
Monday, 14 Nov 2016 05:39pm EST 

Diversified Royalty Corp : Qtrly royalty revenue and management fees of $7.3 million .Diversified Royalty Corp Announces third quarter 2016 results.  Full Article

Diversified Royalty approved cash dividend of $0.01854 per common share
Tuesday, 4 Oct 2016 07:00am EDT 

Diversified Royalty Corp : Approved a cash dividend of $0.01854 per common share for period of October 1, 2016 to October 31, 2016 .To hold special meeting of shareholders to consider reduction of stated capital of corporation's common shares to $200.0 million.  Full Article

Diversified Royalty Corp. announces agreement for the indirect sale of the Franworks trademarks and rights to Cara Operations Limited
Thursday, 1 Sep 2016 01:15am EDT 

Diversified Royalty Corp : Diversified Royalty Corp. announces agreement for the indirect sale of the Franworks trademarks and rights to Cara Operations Limited . Diversified Royalty Corp. - Says deal for $90.0 million . Diversified Royalty Corp. - Agreement part of larger deal whereby Cara Operations Limited agreed with OJFG to buy majority control of OJFG for $93.0 million . Diversified Royalty Corp. - Says $90.0 million of cara's $93.0 million investment in OJFG will be used to fund acquisition of FW rights by OJFG . Diversified Royalty Corp. - Says upon deal closing Cara will control OJFG and will therefore indirectly own and control FW rights . Diversified Royalty Corp. - Says dividend will use $15 million of cash proceeds from sale of FW rights to extinguish term debt . Diversified Royalty Corp.- Terms of sale agreement were reviewed and recommended for approval by a special committee of board of directors of dividend . Diversified Royalty Corp.- Dividend board of directors will re-evaluate its dividend policy upon completion of transactions contemplated under sale agreement .Diversified Royalty Corp.- Says at present, dividend board has no intention to amend amount of dividend's current monthly dividend.  Full Article

BRIEF-Diversified Royalty Corp Announces Increase To Mr. Lube Royalty Rate

* DIVERSIFIED ROYALTY CORP. ANNOUNCES INCREASE TO THE MR. LUBE ROYALTY RATE, ADDITIONS TO THE MR. LUBE ROYALTY POOL, AMENDMENT OF ML ROYALTIES LP CREDIT FACILITY, AND MAY 2018 CASH DIVIDEND