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VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the "Corporation” or "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 December 1, 2024 to December 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on December 31, 2024 to shareholders of record as of the close of business on December 13, 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 janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada. DIV's objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows. Forward Looking Statements Certain statements contained in this news release may constitute "forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words "anticipate”, "continue”, "estimate”, "expect”, "intend”, "may”, "will”, ”project”, "should”, "believe”, "confident”, "plan” and "intends” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: the amount and timing of the December 2024 dividend to be paid to DIV's shareholders; DIV's objective to continue to pay predictable and stable monthly dividends to shareholders; and DIV's corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: DIV will be able to make monthly dividend payments to the holders of its common shares; or DIV will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release are not guarantees of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV's business and the businesses of its royalty partners can be found in the "Risk Factors” section of its Annual Information Form dated March 21, 2024 and in its most recent Management's Discussion and Analysis, copies of each of which are available under DIV's profile on SEDAR+ at www.sedarplus.com . In formulating the forward-looking information contained herein, management has assumed that, among other things, DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect. All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV. The forward-looking information included in this news release is presented as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law. THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE. Additional Information Additional information relating to the Corporation and other public filings, is available on SEDAR+ at www.sedarplus.com . Contact: Sean Morrison, President and Chief Executive Officer Diversified Royalty Corp. (236) 521-8470 Greg Gutmanis, Chief Financial Officer and VP Acquisitions Diversified Royalty Corp. (236) 521-8471Dan Campbell has emphatic answer about Lions possibly resting starters in Week 17 | Sporting News
Global monitor says famine is weeks away in north Gaza. A U.S. diplomat calls warning 'irresponsible'( ) stock scored a price-target hike on Tuesday ahead of the company's next big test for live programming — two NFL football games on Christmas Day. KeyBanc Capital Markets analyst Justin Patterson reiterated his overweight, or buy, rating on Netflix stock and raised his price target to 1,000 from 785. He noted that Netflix stock has historically peaked around nine times enterprise value to next 12 months revenue, where shares are now. But he thinks things may have changed. "While this suggests investors may have priced-in recent momentum, we see several reasons to believe NFLX can outperform the S&P 500 into 2025: 1) competitive intensity is moderating; 2) live events should drive more engagement; 3) revenue and EPS (earnings per share) growth should hold up better than peers; and 4) meaningful EPS and FCF (free cash flow) generation provides more of a valuation floor than in the past," Patterson said in a client note. In morning trades on the , Netflix stock advanced a fraction to 915. Netflix stock has surged recently on the narrative that the internet television network has won the streaming video market. And live content moves and returning hit series should increase its lead as it gains both viewers and advertisers, he said. Netflix's next live content play will be on Wednesday: Kansas City Chiefs vs. Pittsburgh Steelers and Baltimore Ravens vs. Houston Texans. The Houston game will feature a halftime performance by music superstar Beyoncé. Netflix is hoping to avoid the technical snafus that marred its live broadcast of the Jake Paul vs. Mike Tyson boxing match on Nov. 15. That event suffered by buffering, poor image quality and audio problems. Netflix Stock Is On Two IBD Lists Live programming is important to Netflix's nascent advertising business. Advertisers like live events because they draw engaged viewers. Netflix is spending heavily to add live content. It reportedly paid $150 million to air this year's two Christmas football games, with additional NFL games set for the 2025 and 2026 holiday seasons. Netflix also signed a $5 billion, 10-year deal for WWE programming, with the pro wrestling broadcasts starting Jan. 6. Plus, it recently secured the U.S. streaming rights for the FIFA Women's World Cup tournaments in 2027 and 2031. Netflix stock is on two IBD lists: and .