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SIR Royalty Income Fund (TSE:SRV.UN) Reaches New 12-Month High - Should You Buy?

SIR Royalty Income Fund logo with Consumer Cyclical background

Key Points

  • SIR Royalty Income Fund's stock reached a new 52-week high of C$14.99, with a trading volume of 8,035 shares.
  • The company announced a monthly dividend of $0.10 per share, which will be paid on October 31st, representing an 8.0% annual yield.
  • SIR Royalty Income Fund has a market cap of C$125.47 million and a PE ratio of 12.08.
  • MarketBeat previews the top five stocks to own by November 1st.

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$14.99 and last traded at C$14.99, with a volume of 8035 shares trading hands. The stock had previously closed at C$14.90.

SIR Royalty Income Fund Price Performance

The stock's 50-day moving average is C$14.72 and its 200 day moving average is C$13.79. The company has a market cap of C$125.47 million, a PE ratio of 12.08 and a beta of -0.11.

SIR Royalty Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a c) dividend on an annualized basis and a yield of 8.0%. SIR Royalty Income Fund's dividend payout ratio is presently 91.94%.

About SIR Royalty Income Fund

(Get Free Report)

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor's Bar and Grill and Canyon Creek Chop House, Scaddabush/Alice Fazooli's and signature restaurant brands.

See Also

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