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

Keg Royalties Income Fund logo with Consumer Cyclical background

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

Keg Royalties Income Fund Stock Up 0.2 %

The firm's fifty day simple moving average is C$14.31 and its 200-day simple moving average is C$14.64. The company has a market cap of C$205.44 million, a PE ratio of 14.96 and a beta of 1.37. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were paid a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Monday, April 21st. Keg Royalties Income Fund's payout ratio is 94.21%.

About Keg Royalties Income Fund

(Get Free Report)

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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