Keg Royalties Income Fund (TSE:KEG.UN) Reaches New 1-Year High - Here's What Happened

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shares hit a new 52-week high during mid-day 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 traded. The stock had previously closed at C$18.70.

Keg Royalties Income Fund Price Performance

The business has a fifty day moving average price of C$18.36 and a 200 day moving average price of C$15.65. The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The company has a market capitalization of C$211.90 million, a price-to-earnings ratio of 15.43 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a $0.0946 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $1.14 annualized dividend and a dividend yield of 6.08%. Keg Royalties Income Fund's dividend payout ratio (DPR) is presently 94.21%.

Keg Royalties Income Fund Company Profile

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.