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Keg Royalties Income Fund (TSE:KEG.UN) Trading Up 26.2% - Here's Why

Keg Royalties Income Fund logo with Consumer Cyclical background

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shares traded up 26.2% on Monday . The stock traded as high as C$18.24 and last traded at C$17.95. 295,718 shares traded hands during trading, an increase of 2,095% from the average session volume of 13,472 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Stock Performance

The firm's 50 day simple moving average is C$14.31 and its 200 day simple moving average is C$14.64. The firm has a market cap of C$205.44 million, a PE ratio of 14.96 and a beta of 1.37. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.0946 per share. This represents a $1.14 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend was Monday, April 21st. Keg Royalties Income Fund's dividend payout ratio is presently 94.21%.

About Keg Royalties Income Fund

(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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