SIR Royalty Income Fund (TSE:SRV.UN) Sets New 1-Year High – Here’s Why

Shares of SIR Royalty Income Fund (TSE:SRV.UNGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$16.44 and last traded at C$16.37, with a volume of 5525 shares trading hands. The stock had previously closed at C$15.90.

SIR Royalty Income Fund Price Performance

The business has a fifty day moving average of C$15.71 and a 200-day moving average of C$15.64. The stock has a market capitalization of C$134.85 million, a price-to-earnings ratio of 15.33 and a beta of 0.07.

SIR Royalty Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be paid a $0.105 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 7.8%. SIR Royalty Income Fund’s payout ratio is currently 114.29%.

About SIR Royalty Income Fund

(Get Free Report)

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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