SIR Royalty Income Fund (TSE:SRV.UN) Reaches New 52-Week High – Here’s Why

SIR Royalty Income Fund (TSE:SRV.UNGet Free Report)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$16.45 and last traded at C$16.45, with a volume of 860 shares trading hands. The stock had previously closed at C$16.28.

SIR Royalty Income Fund Stock Up 0.9%

The firm has a market capitalization of C$137.53 million, a PE ratio of 15.64 and a beta of 0.09. The firm’s fifty day simple moving average is C$15.79 and its 200-day simple moving average is C$15.68.

SIR Royalty Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 7.7%. SIR Royalty Income Fund’s dividend payout ratio (DPR) is 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.

Further Reading

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