Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Up 27.1% - Here's What Happened

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s stock price was 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. Approximately 632,622 shares were traded during mid-day 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 Performance

The company's 50-day simple moving average is C$14.31 and its 200-day simple moving average is C$14.64. The stock has a market capitalization of C$205.44 million, a price-to-earnings 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were paid a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis 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 is 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.