At close of market on Tuesday, Diversified Royalty Corp. (TSX:DIV) stock finished trading at -3.90%, bringing the stock price to $2.96 on the Toronto Stock Exchange. The stock price saw a low of $2.82 and a high of $3.05.
The company’s stock was traded 465 times with a total of 624,701 shares traded.
Diversified Royalty Corp. has a market cap of $319.86 million, with 108.39 million shares in issue.
Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of investment strategy, the firm always purchases trademarks of the companies it is going to acquire. It gives its partners benefit of full operational control of their business, participation in the growth of their company and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.