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

SIR Royalty Income Fund (TSE:SRV.UN)’s share price shot up 1.2% during trading on Wednesday . The company traded as high as C$12.65 and last traded at C$12.65. 1,200 shares were traded during mid-day 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 Stock Performance

The business has a 50-day simple moving average of C$12.80 and a two-hundred day simple moving average of C$12.69. The company has a market capitalization of C$107.68 million, a price-to-earnings ratio of 5.64 and a beta of 2.51.

SIR Royalty Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date of this dividend is Thursday, December 19th. SIR Royalty Income Fund’s dividend payout ratio is presently 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.