Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Up 26.8% - Still a Buy?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) was up 26.8% during trading on Monday . The company traded as high as C$18.24 and last traded at C$18.03. Approximately 211,248 shares traded hands during mid-day trading, an increase of 1,716% from the average daily volume of 11,631 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Price Performance

The firm has a fifty day moving average price of C$14.14 and a two-hundred day moving average price of C$14.62. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62. The stock has a market capitalization of C$204.64 million, a P/E ratio of 14.90 and a beta of 1.37.

Keg Royalties Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were issued a $0.0946 dividend. The ex-dividend date was Monday, April 21st. This represents a $1.14 annualized dividend and a yield of 6.30%. Keg Royalties Income Fund's dividend payout ratio (DPR) is presently 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.