SIR Royalty Income Fund (TSE:SRV.UN – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$16.25 and last traded at C$16.14, with a volume of 2964 shares traded. The stock had previously closed at C$16.10.
SIR Royalty Income Fund Stock Performance
The stock’s 50-day moving average is C$15.70 and its 200 day moving average is C$15.58. The firm has a market cap of C$134.85 million, a P/E ratio of 15.33 and a beta of 0.07.
SIR Royalty Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be paid a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, July 17th. SIR Royalty Income Fund’s payout ratio is presently 114.29%.
About SIR Royalty Income Fund
The Fund is a trust governed by the laws of the province of Ontario that receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis.
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