Diversified Royalty

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Happy New Year,

What do you think of Diversified Royalty (DIV) as a long-term buy for income and some capital gains in a registered portfolio?

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Asked on January 1, 2023 4:59 am
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Hey there,

Diversified (DIV.TO) is a fairly decent income play. I wouldn't expect much in terms of capital appreciation - I think this past year was an abberation as it was beat up pretty bad, but at around 15 times earnings it is pretty fairly valued here. Looks like the expectation is for mid, single-digit growth so paying around 15 times earnings for this today, I'd expect share price to move along with expected growth rates.

The dividend also appears well covered.

The one thing i'll say about DIV is that it has a spotty history of execution and meeting estimates. That said - decent combination of growth/dividend here.

Mat

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Posted by Mathieu Litalien
Answered on January 4, 2023 7:30 am
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