Keg Royalties Income Fund (TSE:KEG.UN) Trading 26.9% Higher - Here's Why

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s share price was up 26.9% during trading on Monday . The company traded as high as C$18.24 and last traded at C$18.04. Approximately 179,006 shares were traded during trading, an increase of 1,463% from the average daily volume of 11,450 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Price Performance

The business has a 50-day moving average price of C$14.14 and a 200 day moving average price of C$14.62. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The stock has a market cap of C$204.64 million, a PE ratio of 14.90 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were issued a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date was Monday, April 21st. Keg Royalties Income Fund's dividend payout ratio (DPR) is presently 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.