SIR Royalty Income Fund (TSE:SRV.UN) Stock Jumps 0.4% – What’s Next?

SIR Royalty Income Fund (TSE:SRV.UN)’s share price rose 0.4% on Wednesday. The stock traded as high as C$14.15 and last traded at C$14.15. Approximately 4,100 shares were traded during trading, an increase of 25% from the average daily volume of 3,274 shares. The stock had previously closed at C$14.10.

SIR Royalty Income Fund Stock Down 0.6%

The business has a 50-day moving average price of C$14.22 and a 200-day moving average price of C$15.40. The firm has a market capitalization of C$118.86 million, a PE ratio of 14.63 and a beta of 0.24.

SIR Royalty Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.1050 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.26 dividend on an annualized basis and a yield of 8.9%. SIR Royalty Income Fund’s payout ratio is 126.80%.

SIR Royalty Income Fund Company Profile

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.