Keg Royalties Income Fund (TSE:KEG.UN) Trading Up 26.7% - Still a Buy?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s stock price shot up 26.7% during mid-day trading on Monday . The company traded as high as C$18.24 and last traded at C$18.01. 593,413 shares were traded during trading, an increase of 3,892% from the average session volume of 14,865 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Stock Up 0.2 %

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

Keg Royalties Income Fund Dividend Announcement

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