Keg Royalties Income Fund (TSE:KEG.UN) Trading 26.7% Higher - Here's Why

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shares were up 26.7% during trading on Monday . The stock traded as high as C$18.24 and last traded at C$18.02. Approximately 611,590 shares were traded during mid-day trading, an increase of 3,424% from the average daily volume of 17,357 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 firm has a market capitalization of C$205.44 million, a P/E ratio of 14.96 and a beta of 1.37. The stock has a fifty day moving average price of C$14.31 and a two-hundred day moving average price of C$14.64.

Keg Royalties Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.0946 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $1.14 annualized dividend and a yield of 6.27%. 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.