Keg Royalties Income Fund (TSE:KEG.UN) Shares Up 27% - What's Next?

Shares of Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) rose 27% during trading on Monday . The company traded as high as C$18.24 and last traded at C$18.06. Approximately 377,038 shares traded hands during trading, an increase of 2,503% from the average daily volume of 14,482 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Stock Up 0.2 %

The firm has a 50-day moving average price of C$14.31 and a two-hundred day moving average price of C$14.64. The company has a market capitalization of C$205.44 million, a P/E ratio of 14.96 and a beta of 1.37. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Dividend Announcement

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