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
(
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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.
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