SIR Royalty Income Fund (TSE:SRV.UN) to Issue $0.11 Monthly Dividend

Key Points

• SIR Royalty Income Fund announced a monthly dividend of C$0.105 per share (reported as C$0.11), payable March 31 with an ex-dividend date of March 20 and a stated annualized yield of 8.0%.
• SRV.UN stock opened at C$15.80, trades in a 52-week range of C$11.11–C$16.15, has a market cap of C$132.34 million and a P/E of 16.81, with 50-day/200-day moving averages of C$15.58/C$14.87.
• The fund holds an investment in Service Inspired Restaurants (SIR) Corp., which operates Canadian restaurant brands (e.g., Jack Astor's, Canyon Creek) and generates revenue from royalties, license agreements and interest on loans.

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) announced a monthly dividend on Friday, March 20th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.105 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Friday, March 20th.

SIR Royalty Income Fund Stock Performance

SRV.UN stock opened at C$15.80 on Wednesday. SIR Royalty Income Fund has a one year low of C$11.11 and a one year high of C$16.15. The company's fifty day moving average price is C$15.58 and its 200-day moving average price is C$14.87. The company has a market capitalization of C$132.34 million, a PE ratio of 16.81 and a beta of -0.06.

SIR Royalty Income Fund Company Profile

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. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.

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