Keg Royalties Income Fund (TSE:KEG.UN) Trading 26.6% Higher - Time to Buy?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s share price traded up 26.6% during mid-day trading on Monday . The company traded as high as C$18.24 and last traded at C$18.00. 177,306 shares were traded during trading, an increase of 1,473% from the average session volume of 11,270 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Stock Performance

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 stock has a 50-day moving average price of C$13.92 and a 200-day moving average price of C$14.56. The company has a market capitalization of C$204.30 million, a price-to-earnings ratio of 14.88 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. Stockholders of record on Wednesday, April 30th were given a $0.0946 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend was Monday, April 21st. Keg Royalties Income Fund's 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.

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