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

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

SIR Royalty Income Fund Price Performance

Shares of SRV.UN remained flat at C$15.70 during trading hours on Wednesday. The stock had a trading volume of 1,001 shares, compared to its average volume of 3,185. SIR Royalty Income Fund has a twelve month low of C$12.85 and a twelve month high of C$16.15. The stock has a market capitalization of C$131.50 million, a price-to-earnings ratio of 14.95 and a beta of 0.03. The firm has a fifty day simple moving average of C$15.64 and a two-hundred day simple moving average of C$15.11.

SIR Royalty Income Fund Company Profile

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.