SIR Royalty Income Fund (TSE:SRV.UN) Hits New 1-Year High Following Dividend Announcement

SIR Royalty Income Fund (TSE:SRV.UN)’s share price reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as C$11.08 and last traded at C$10.69, with a volume of 20251 shares. The stock had previously closed at C$10.80.

The newly announced dividend which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 30th will be issued a $0.09 dividend. This is an increase from SIR Royalty Income Fund’s previous monthly dividend of $0.07. The ex-dividend date is Friday, September 17th. This represents a $1.08 dividend on an annualized basis and a yield of 10.04%.

The business has a fifty day simple moving average of C$9.47 and a two-hundred day simple moving average of C$7.79. The company has a market cap of C$90.13 million and a P/E ratio of -6.13.

About SIR Royalty Income Fund (TSE:SRV.UN)

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.

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