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

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shares rose 27.1% on Monday . The company traded as high as C$18.24 and last traded at C$18.08. Approximately 632,622 shares were traded during 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 debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04. The company has a market cap of C$205.44 million, a P/E ratio of 14.96 and a beta of 1.37. The firm's fifty day moving average is C$14.31 and its two-hundred day moving average is C$14.64.

Keg Royalties Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were paid a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend was Monday, April 21st. Keg Royalties Income Fund's dividend payout ratio (DPR) is 94.21%.

About Keg Royalties Income Fund

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.