SIR Royalty Income Fund (TSE:SRV.UN) Sets New 12-Month High – Still a Buy?

SIR Royalty Income Fund (TSE:SRV.UNGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$16.25 and last traded at C$16.14, with a volume of 2964 shares changing hands. The stock had previously closed at C$16.10.

SIR Royalty Income Fund Trading Up 0.1%

The stock has a market cap of C$135.02 million, a P/E ratio of 15.35 and a beta of 0.07. The firm’s 50-day simple moving average is C$15.68 and its 200 day simple moving average is C$15.55.

SIR Royalty Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be given a dividend of $0.105 per share. The ex-dividend date is Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 7.8%. SIR Royalty Income Fund’s payout ratio is currently 114.29%.

SIR Royalty Income Fund Company Profile

(Get Free Report)

The Fund is a trust governed by the laws of the province of Ontario that receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis.

Featured Articles

Receive News & Ratings for SIR Royalty Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIR Royalty Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.