Shares of Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shot up 27.1% during mid-day trading on Tuesday . The company traded as high as C$18.24 and last traded at C$18.08. 632,622 shares changed hands during trading, an increase of 3,476% from the average session volume of 17,691 shares. The stock had previously closed at C$14.22.
Keg Royalties Income Fund Stock Up 0.2 %
The firm has a market capitalization of C$205.44 million, a PE ratio of 14.96 and a beta of 1.37. The firm'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 Announces Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.27%. Keg Royalties Income Fund's dividend payout ratio (DPR) is 94.21%.
Keg Royalties Income Fund Company Profile
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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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