Keg Royalties Income Fund (TSE:KEG.UN) Trading 27.1% Higher - Should You Buy?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shares were up 27.1% during mid-day trading on Tuesday . The company traded as high as C$18.24 and last traded at C$18.08. Approximately 632,622 shares changed hands during mid-day trading, an increase of 3,476% from the average daily volume of 17,691 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Price Performance

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 debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The firm's 50-day moving average is C$14.31 and its 200-day moving average is C$14.64.

Keg Royalties Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were given 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 (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.