Diversified Royalty Corp approves $0.285 annualized dividend

VANCOUVER, British Columbia, Sept. 03, 2026 /CourierPR/ -- Diversified Royalty Corp. has announced its board of directors has approved a cash dividend of $0.02375 per common share for the period from September 1, 2026, to September 30, 2026. This translates to an annualized dividend of $0.285 per common share. The dividend is set to be paid on September 29, 2026, to shareholders of record as of the close of business on September 15, 2026.

Diversified Royalty Corp., listed on the Toronto Stock Exchange with ticker symbols TSX: DIV, DIV.DB.A, and DIV.DB.B, is a multi-royalty corporation that acquires top-line royalties from well-managed, multi-location businesses and franchisors across North America. The company’s core strategy is to increase cash flow per share through accretive royalty purchases and the growth of its owned royalties, particularly through its subsidiary, Mr. Lube Canada Ltd.

Mr. Lube + Tires, a leading automotive service chain in Canada, is a key franchise within the corporation. Additionally, Diversified Royalty Corp. holds the trademarks for several prominent brands, including Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, Cheba Hut, and AIR MILES®. These brands represent diverse sectors, from residential real estate to fast casual dining, with operations spanning across Canada, the United States, and Australia.

The company’s objective is to maintain and grow its dividend payments to shareholders. According to Sean Morrison, Chief Executive Officer and Director of Diversified Royalty Corp., "Our commitment to providing a predictable and stable dividend to our shareholders remains a priority. We are confident in our ability to continue this practice, supported by the strength of our diversified portfolio."

Diversified Royalty Corp. also aims to enhance shareholder value by acquiring additional royalties and franchises that complement its existing portfolio. The company’s growth strategy is underpinned by the steady performance of its core businesses, particularly Mr. Lube + Tires, which has established itself as a market leader in Canadian automotive services.

Forward-looking statements in the release indicate that the company expects to continue making monthly dividend payments and increasing these dividends over time, subject to cash flow from its operations. Mr. Morrison added, "While we face uncertainties, our focus remains on delivering consistent returns to our shareholders."