Diversified Royalty Corp.

DIV-T

TSE:DIV

3.30
0.04 (1.20%)
Bennett Environmental Inc. was a Canadian company based in Oakville, Ontario. It specialized in the recovering of soils contaminated with chlorinated hydrocarbons, including PCBs and PCPs, Dioxins and Furans.
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Analysis and Opinions about DIV-T

Signal
Opinion
Expert
HOLD
HOLD
June 13, 2018

He owns this one. He likes it, but is waiting for them to sign another deal. Management just bought back a bunch of their shares, which suggests to him they do not have an imminent deal just yet. He thinks they have a good pipeline for new deal opportunities. Yield 6.9%.

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He owns this one. He likes it, but is waiting for them to sign another deal. Management just bought back a bunch of their shares, which suggests to him they do not have an imminent deal just yet. He thinks they have a good pipeline for new deal opportunities. Yield 6.9%.

BUY
BUY
May 15, 2018

He has a small long position in it. They had problems with an investment they made a few years ago, but it has turned around, so there is some momentum to the earnings. (Analysts’ price target is 4$)

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He has a small long position in it. They had problems with an investment they made a few years ago, but it has turned around, so there is some momentum to the earnings. (Analysts’ price target is 4$)

COMMENT
COMMENT
December 21, 2017

There was talk of them signing another royalty agreement by year-end, and he is not sure that’s going to come to fruition. Still likes the story and continues to have a half decent position in it.

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There was talk of them signing another royalty agreement by year-end, and he is not sure that’s going to come to fruition. Still likes the story and continues to have a half decent position in it.

BUY
BUY
November 16, 2017

It is an old pick of his. They buy royalties. They hit a speed bump a couple of years ago when they bought a royalty stream in Alberta when the economy there tanked. They now have a lot of promise. It has a nice little dividend. As they diversify their royalty stream it should get a higher multiple.

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It is an old pick of his. They buy royalties. They hit a speed bump a couple of years ago when they bought a royalty stream in Alberta when the economy there tanked. They now have a lot of promise. It has a nice little dividend. As they diversify their royalty stream it should get a higher multiple.

COMMENT
COMMENT
October 5, 2017

Hit a big speedbump a couple of years ago, when they bought a royalty on an Alberta centric restaurant chain. The CEO is one of the best he has ever met. He managed to sell that chain, and then sat on the cash. He just bought the Air Miles trademark and a variety of related royalties in Canada. That sent the stock sharply higher. Dividend yield of about 7%. This is a great business to own.

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Hit a big speedbump a couple of years ago, when they bought a royalty on an Alberta centric restaurant chain. The CEO is one of the best he has ever met. He managed to sell that chain, and then sat on the cash. He just bought the Air Miles trademark and a variety of related royalties in Canada. That sent the stock sharply higher. Dividend yield of about 7%. This is a great business to own.

WAIT
WAIT
September 28, 2017

It has had a really big run here. It was falling and then they signed with Air Miles. Now their payout ratio is not above 100% like it was. They may sign another deal by year end and that would cover off their dividend. He likes the management team but he is not sure theres much more upward room left, unless they sign another deal. Some analysts are calling for $3.75-$4. There's strength and the fundamentals are looking good, but he thinks its more fairly priced now than it was a couple months ago.

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It has had a really big run here. It was falling and then they signed with Air Miles. Now their payout ratio is not above 100% like it was. They may sign another deal by year end and that would cover off their dividend. He likes the management team but he is not sure theres much more upward room left, unless they sign another deal. Some analysts are calling for $3.75-$4. There's strength and the fundamentals are looking good, but he thinks its more fairly priced now than it was a couple months ago.

COMMENT
COMMENT
September 26, 2017

It has done so well that he is not interested in it. He prefers companies that are out of favour. This has franchises, including Mr. Lube, Sutton Realty and Air Miles. Pays a great dividend, but has no idea how sustainable that is. Had a bit of a checkered past, so he is not as interested. If looking for a dividend player, and if this company can sustain their dividend, it could do very, very well going forward.

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It has done so well that he is not interested in it. He prefers companies that are out of favour. This has franchises, including Mr. Lube, Sutton Realty and Air Miles. Pays a great dividend, but has no idea how sustainable that is. Had a bit of a checkered past, so he is not as interested. If looking for a dividend player, and if this company can sustain their dividend, it could do very, very well going forward.

HOLD
HOLD
August 21, 2017

A royalty company. They pay out almost all cash in their dividends. They acquired a Western Canada restaurant chain, but sold it and are sitting on a lot of cash. Their dividend is not covered. It should be relatively soon that they make a replacement acquisition and then you should see the stock pop. The high yield is not risky because they have the cash balance to cover the yield. He thinks the management will do something intelligent.

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A royalty company. They pay out almost all cash in their dividends. They acquired a Western Canada restaurant chain, but sold it and are sitting on a lot of cash. Their dividend is not covered. It should be relatively soon that they make a replacement acquisition and then you should see the stock pop. The high yield is not risky because they have the cash balance to cover the yield. He thinks the management will do something intelligent.

DON'T BUY
DON'T BUY
July 27, 2017

A healthy dividend yield, but once you adjust for onetime items it is about a 100% payout ratio. Maybe they will grow into their dividend. The management has done an okay job to date. He prefers AD-T. Be careful until they fix the problems with their payout ratio.

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A healthy dividend yield, but once you adjust for onetime items it is about a 100% payout ratio. Maybe they will grow into their dividend. The management has done an okay job to date. He prefers AD-T. Be careful until they fix the problems with their payout ratio.

PAST TOP PICK
PAST TOP PICK
May 30, 2017

(A Top Pick April 27/16. Up 27%.) He likes this company. They buy royalties and have done a good job. Had a misstep when they bought an interest in an Alberta restaurant, which hurt them a lot when the economy turned down. However, they got rid of that at a good price. They have lots of cash. Have a royalty on Mr. Lube and are looking around for more. A good CEO which has good deal-making abilities. Dividend yield of 8.4%.

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(A Top Pick April 27/16. Up 27%.) He likes this company. They buy royalties and have done a good job. Had a misstep when they bought an interest in an Alberta restaurant, which hurt them a lot when the economy turned down. However, they got rid of that at a good price. They have lots of cash. Have a royalty on Mr. Lube and are looking around for more. A good CEO which has good deal-making abilities. Dividend yield of 8.4%.

COMMENT
COMMENT
May 25, 2017

Payout ratio is more than 100%, but they sold one of their Alberta assets. They are looking to redeploy that cash from that, but for now they’re going to pay a little bit more than their actual cash flow numbers. Their dividend is quite high at about 8.5%, so people are worried about that. If you break up this company, you could get close to $3.

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Payout ratio is more than 100%, but they sold one of their Alberta assets. They are looking to redeploy that cash from that, but for now they’re going to pay a little bit more than their actual cash flow numbers. Their dividend is quite high at about 8.5%, so people are worried about that. If you break up this company, you could get close to $3.

HOLD
HOLD
February 28, 2017

Pretty steady right now because they sold one of their assets and have a lot of cash on the balance sheet. They are looking for other things to deploy their capital. They own Mr. Lube which has been consistently growing through the years, as well as Sutton Real Estate. Feels comfortable with this, and it is just a matter of what they are going to deploy their capital in. Has a nice yield of 8.7%.

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Pretty steady right now because they sold one of their assets and have a lot of cash on the balance sheet. They are looking for other things to deploy their capital. They own Mr. Lube which has been consistently growing through the years, as well as Sutton Real Estate. Feels comfortable with this, and it is just a matter of what they are going to deploy their capital in. Has a nice yield of 8.7%.

COMMENT
COMMENT
February 24, 2017

A pretty solid company. They’ve had some missteps in the past when they made an acquisition and overpaid for it. They tried to establish a footprint, and as a result he thinks they overpaid. However, he feels that management is very solid and the dividend yield is sustainable, although it is a pretty high payout ratio. Expects that there will be more acquisitions from them, and over time, it will become a solid, dividend, profile stock. However, the risks are still elevated as to their payout ratio.

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A pretty solid company. They’ve had some missteps in the past when they made an acquisition and overpaid for it. They tried to establish a footprint, and as a result he thinks they overpaid. However, he feels that management is very solid and the dividend yield is sustainable, although it is a pretty high payout ratio. Expects that there will be more acquisitions from them, and over time, it will become a solid, dividend, profile stock. However, the risks are still elevated as to their payout ratio.

BUY
BUY
February 16, 2017

A royalty company. He likes that business model. The CEO acquired a chain of royalty streams in an Alberta restaurant chain. The dividend is close to 10%, but it is not covered by cash. He recommends getting it with a DRIP program. It is not the safest dividend stock but it is interesting.

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A royalty company. He likes that business model. The CEO acquired a chain of royalty streams in an Alberta restaurant chain. The dividend is close to 10%, but it is not covered by cash. He recommends getting it with a DRIP program. It is not the safest dividend stock but it is interesting.

HOLD
HOLD
January 25, 2017

He really takes his hat off to Sean Morrison who was the one that structured the deals in some of the restaurant royalties. Their first royalty deal was Fran Works, and same-store sales declined quite dramatically because of their Alberta exposure, but he was able to sell that for more than what he had paid for it. He is now sitting on about $85 million, and is hunting for some more royalties. These things don’t happen fast. 8.5% dividend yield.

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He really takes his hat off to Sean Morrison who was the one that structured the deals in some of the restaurant royalties. Their first royalty deal was Fran Works, and same-store sales declined quite dramatically because of their Alberta exposure, but he was able to sell that for more than what he had paid for it. He is now sitting on about $85 million, and is hunting for some more royalties. These things don’t happen fast. 8.5% dividend yield.

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