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

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s stock price rose 27.1% on Tuesday . The stock 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 Stock Up 0.2 %

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 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.

Keg Royalties Income Fund Dividend Announcement

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