SIR Royalty Income Fund (TSE:SRV.UN) Announces $0.11 Monthly Dividend

SIR Royalty Income Fund (TSE:SRV.UN) announced a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 29th will be given a dividend of 0.105 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Friday, May 15th.

SIR Royalty Income Fund Stock Performance

SRV.UN remained flat at C$15.70 on Wednesday. The company had a trading volume of 1,001 shares, compared to its average volume of 3,185. The company has a 50 day moving average price of C$15.64 and a two-hundred day moving average price of C$15.11. The company has a market cap of C$131.50 million, a P/E ratio of 14.95 and a beta of 0.03. SIR Royalty Income Fund has a fifty-two week low of C$12.85 and a fifty-two week high of C$16.15.

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.