SIR Royalty Income Fund (TSE:SRV.UN) to Issue Monthly Dividend of $0.10

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) announced a monthly dividend on Friday, June 20th, TickerTech Dividends reports. Investors of record on Monday, June 30th will be paid a dividend of 0.095 per share on Monday, June 30th. This represents a $1.14 annualized dividend and a yield of 8.38%. The ex-dividend date is Friday, June 20th.

SIR Royalty Income Fund Trading Down 0.4%

TSE:SRV.UN traded down C$0.05 during mid-day trading on Friday, hitting C$13.60. The stock had a trading volume of 2,626 shares, compared to its average volume of 4,689. The stock has a market capitalization of C$113.97 million, a price-to-earnings ratio of 5.96 and a beta of 2.51. The company has a 50 day simple moving average of C$13.11 and a 200-day simple moving average of C$12.85. SIR Royalty Income Fund has a 52 week low of C$11.11 and a 52 week high of C$13.90.

Insiders Place Their Bets

In other SIR Royalty Income Fund news, insider Lembit Janes sold 16,900 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of C$12.62, for a total transaction of C$213,278.00. In the last three months, insiders have sold 64,200 shares of company stock worth $824,133. 28.33% of the stock is owned by corporate insiders.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.