SIR Royalty Income Fund (TSE:SRV.UN) Sets New 12-Month High – Still a Buy?

SIR Royalty Income Fund (TSE:SRV.UNGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as C$16.25 and last traded at C$16.14, with a volume of 2964 shares traded. The stock had previously closed at C$16.10.

SIR Royalty Income Fund Price Performance

The stock’s fifty day simple moving average is C$15.68 and its 200-day simple moving average is C$15.55. The stock has a market cap of C$135.02 million, a P/E ratio of 15.35 and a beta of 0.07.

SIR Royalty Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be issued a $0.105 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 7.8%. 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.

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