Keg Royalties Income Fund (TSE:KEG.UN) Shares Up 27.1% - Here's Why

Shares of Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) were up 27.1% on Tuesday . The stock traded as high as C$18.24 and last traded at C$18.08. Approximately 632,622 shares changed hands 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 Trading Up 0.2 %

The business's 50-day moving average is C$14.31 and its two-hundred day moving average is C$14.64. The firm has a market cap of C$205.44 million, a P/E ratio of 14.96 and a beta of 1.37. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.0946 per share. This represents a $1.14 annualized dividend 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 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.