SIR Royalty Income Fund (TSE:SRV.UN) Hits New 12-Month High – What’s Next?

SIR Royalty Income Fund (TSE:SRV.UN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$15.71 and last traded at C$15.47, with a volume of 12371 shares changing hands. The stock had previously closed at C$14.80.

SIR Royalty Income Fund Trading Up 3.2%

The firm has a market capitalization of C$127.99 million, a PE ratio of 16.26 and a beta of -0.14. The stock’s 50 day moving average price is C$14.29 and its two-hundred day moving average price is C$14.43.

SIR Royalty Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 7.9%. SIR Royalty Income Fund’s dividend payout ratio (DPR) is presently 122.87%.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor’s Bar and Grill and Canyon Creek Chop House, Scaddabush/Alice Fazooli’s and signature restaurant brands. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.