Diversified Royalty Corp. exceeded earnings expectations, boosting its stock by $0.03 to $1.94 per share.

Diversified Royalty Corp. (OTCMKTS:BEVFF) reported quarterly earnings of $0.05 per share, exceeding analysts' expectations by $0.01. The company's stock rose $0.03 to $1.94 on the earnings announcement. Diversified Royalty, which owns trademarks of businesses like Mr. Lube and AIR MILES, showed a net margin of 49.26% and a return on equity of 11.44%. For the year, the company paid out $269.1 million in dividends since its inception in 2014.