SIR Royalty Income Fund (TSE:SRV.UN) Announces $0.10 Monthly Dividend

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) declared a monthly dividend on Friday, May 16th, TickerTech Dividends reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.095 per share on Friday, May 30th. This represents a $1.14 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Friday, May 16th.

SIR Royalty Income Fund Stock Performance

SRV.UN traded down C$0.15 during midday trading on Monday, reaching C$13.15. 5,092 shares of the company were exchanged, compared to its average volume of 4,890. The stock has a market capitalization of C$110.20 million, a P/E ratio of 5.77 and a beta of 2.51. SIR Royalty Income Fund has a one year low of C$11.11 and a one year high of C$13.89. The stock's 50-day simple moving average is C$12.70 and its 200 day simple moving average is C$12.74.

Insider Buying and Selling

In related news, insider Lembit Janes sold 16,900 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of C$12.62, for a total transaction of C$213,278.00. Over the last three months, insiders sold 57,200 shares of company stock worth $728,163. 28.33% of the stock is owned by corporate insiders.

SIR Royalty Income Fund Company Profile

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.