SIR Royalty Income Fund (TSE:SRV.UN) Hits New 12-Month High – Should You Buy?

SIR Royalty Income Fund (TSE:SRV.UN) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$16.00 and last traded at C$16.00, with a volume of 9733 shares changing hands. The stock had previously closed at C$15.69.

SIR Royalty Income Fund Stock Down 1.4%

The firm has a fifty day moving average of C$14.91 and a 200-day moving average of C$14.68. The firm has a market cap of C$131.50 million, a P/E ratio of 16.70 and a beta of -0.03.

SIR Royalty Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.10 per share. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 7.6%. SIR Royalty Income Fund’s payout ratio is currently 122.87%.

About SIR Royalty Income Fund

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.