SIR Royalty Income Fund (TSE:SRV.UN) Trading Up 1.2% – What’s Next?

Shares of SIR Royalty Income Fund (TSE:SRV.UN) traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as C$12.65 and last traded at C$12.65. 1,200 shares were traded during trading, a decline of 68% from the average session volume of 3,777 shares. The stock had previously closed at C$12.50.

SIR Royalty Income Fund Trading Up 1.2 %

The company has a market capitalization of C$106.01 million, a price-to-earnings ratio of 5.55 and a beta of 2.51. The stock has a 50-day simple moving average of C$12.79 and a 200-day simple moving average of C$12.69.

SIR Royalty Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date was Friday, November 22nd. SIR Royalty Income Fund’s dividend payout ratio is presently 50.00%.

About SIR Royalty Income Fund

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.