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SIR Royalty Income Fund (TSE:SRV.UN) Reaches New 52-Week High - Should You Buy?

SIR Royalty Income Fund logo with Consumer Cyclical background

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as C$14.18 and last traded at C$14.14, with a volume of 7000 shares. The stock had previously closed at C$13.86.

SIR Royalty Income Fund Price Performance

The firm has a market capitalization of C$122.18 million, a P/E ratio of 6.39 and a beta of 2.51. The stock's fifty day simple moving average is C$13.40 and its 200 day simple moving average is C$12.95.

SIR Royalty Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, July 18th. This represents a $1.20 annualized dividend and a dividend yield of 8.23%. This is an increase from SIR Royalty Income Fund's previous monthly dividend of $0.10. SIR Royalty Income Fund's dividend payout ratio is 50.00%.

Insider Activity

In related news, insider Lembit Janes sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of C$12.82, for a total value of C$128,200.00. Insiders have sold a total of 28,700 shares of company stock worth $376,015 in the last 90 days. Corporate insiders own 28.33% of the company's stock.

About SIR Royalty Income Fund

(Get Free Report)

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.

See Also

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