SIR Royalty Income Fund (TSE:SRV.UN) Sets New 12-Month High Following Dividend Announcement

SIR Royalty Income Fund (TSE:SRV.UN)’s share price reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as C$11.08 and last traded at C$10.69, with a volume of 20251 shares traded. The stock had previously closed at C$10.80.

The newly announced dividend which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date is Friday, September 17th. This is a positive change from SIR Royalty Income Fund’s previous monthly dividend of $0.07.

The stock has a 50-day simple moving average of C$9.42 and a 200-day simple moving average of C$7.76. The company has a market cap of C$89.54 million and a price-to-earnings ratio of -6.15.

About SIR Royalty Income Fund (TSE:SRV.UN)

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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