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Keg Royalties Income Fund (TSE:KEG.UN) Hits New 52-Week High - Here's Why

Keg Royalties Income Fund logo with Consumer Cyclical background

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$18.75 and last traded at C$18.67, with a volume of 20165 shares trading hands. The stock had previously closed at C$18.70.

Keg Royalties Income Fund Stock Performance

The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The stock has a market capitalization of C$211.68 million, a PE ratio of 15.41 and a beta of 1.37. The firm's fifty day moving average price is C$18.08 and its two-hundred day moving average price is C$15.58.

Keg Royalties Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Friday, June 20th. Keg Royalties Income Fund's payout ratio is presently 94.21%.

Keg Royalties Income Fund Company Profile

(Get Free Report)

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.

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