Keg Royalties Income Fund (TSE:KEG.UN) Shares Up 27.1% - Time to Buy?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shares traded up 27.1% on Tuesday . The stock traded as high as C$18.24 and last traded at C$18.08. 632,622 shares changed hands during mid-day 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 stock has a market cap of C$205.44 million, a price-to-earnings 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. The stock has a fifty day moving average of C$14.31 and a two-hundred day moving average of C$14.65.

Keg Royalties Income Fund Announces Dividend

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