SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$13.32 and traded as high as C$13.86. SIR Royalty Income Fund shares last traded at C$13.86, with a volume of 7,558 shares trading hands.
SIR Royalty Income Fund Stock Performance
The company has a 50 day simple moving average of C$13.40 and a two-hundred day simple moving average of C$12.95. The firm has a market cap of C$122.18 million, a PE ratio of 6.39 and a beta of 2.51.
SIR Royalty Income Fund Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend is Friday, July 18th. This is an increase from SIR Royalty Income Fund's previous monthly dividend of $0.10. SIR Royalty Income Fund's payout ratio is presently 50.00%.
Insiders Place Their Bets
In other SIR Royalty Income Fund news, insider Lembit Janes sold 7,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of C$13.71, for a total transaction of C$95,970.00. In the last quarter, insiders sold 28,700 shares of company stock worth $376,015. 28.33% of the stock is currently owned by insiders.
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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