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

Key Points

• The SIR Royalty Income Fund has declared a monthly dividend of $0.10 per share, with an annualized yield of 8.1%, payable on August 29th to shareholders of record as of August 29th.
• As of the latest trading, SIR Royalty Income Fund's stock is valued at C$14.73, reflecting an increase of 0.8%, and has a market capitalization of C$123.44 million.
• Insider Lembit Janes sold 7,000 shares of the fund on June 18th, receiving approximately C$95,970 from the transaction.

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) declared a monthly dividend on Friday, August 15th, TickerTech Dividends reports. Investors of record on Friday, August 29th will be paid a dividend of 0.10 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Friday, August 15th.

SIR Royalty Income Fund Trading Down 0.1%

SRV.UN traded down C$0.02 during midday trading on Friday, hitting C$14.80. 5,204 shares of the company were exchanged, compared to its average volume of 4,978. The company's 50 day simple moving average is C$13.99 and its 200 day simple moving average is C$13.19. The firm has a market capitalization of C$124.02 million, a price-to-earnings ratio of 6.49 and a beta of 2.51. SIR Royalty Income Fund has a 1-year low of C$11.11 and a 1-year high of C$14.88.

Insiders Place Their Bets

In related news, insider Lembit Janes sold 7,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$13.71, for a total value of C$95,970.00. Corporate insiders own 28.33% of the company's stock.

About SIR Royalty Income Fund

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.