Diversified Royalty Corp. Announces March 2024 Cash Dividend and Q4 2023 Earnings Release Date

VANCOUVER, British Columbia, March 04, 2024 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to confirm that DIV’s annual dividend has increased from 24.5 cents per share to 25.0 cents per share effective March 1, 2024 as previously announced on February 14, 2024. In accordance with the dividend increase, DIV is pleased to announce that its board of directors has approved a cash dividend of $0.02083 per common share for the period of March 1, 2024 to March 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on March 28, 2024 to shareholders of record as of the close of business on March 15, 2024.

Q4 2023 Earnings Release Date

DIV will release earnings results for the three months and year ended December 31, 2023 following the closing of regular trading on the Toronto Stock Exchange on March 21, 2024.

About Diversified Royalty Corp.

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

DIV currently owns the Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada.