SIR Royalty Income Fund (TSE:SRV.UN) Trading Up 1.2% – Should You Buy?

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

SIR Royalty Income Fund Stock Performance

The firm has a fifty day simple moving average of C$12.80 and a 200-day simple moving average of C$12.69. The company has a market capitalization of C$107.68 million, a PE ratio of 5.64 and a beta of 2.51.

SIR Royalty Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 8.87%. The ex-dividend date is Thursday, December 19th. SIR Royalty Income Fund’s payout ratio is currently 50.00%.

SIR Royalty Income Fund Company Profile

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.