SIR Royalty Income Fund (TSE:SRV.UN) Hits New 1-Year Low at $12.99

SIR Royalty Income Fund (TSE:SRV.UN) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$12.99 and last traded at C$13.05, with a volume of 3679 shares changing hands. The stock had previously closed at C$13.21.

SIR Royalty Income Fund Stock Performance

The business’s 50-day moving average price is C$13.84 and its 200 day moving average price is C$15.22. The stock has a market capitalization of C$109.28 million, a PE ratio of 5.50 and a beta of 2.57.

SIR Royalty Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.14 annualized dividend and a yield of 8.74%. SIR Royalty Income Fund’s payout ratio is 48.10%.

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.