SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as C$11.11 and last traded at C$11.61, with a volume of 12673 shares traded. The stock had previously closed at C$12.02.
SIR Royalty Income Fund Stock Performance
The firm's 50 day simple moving average is C$12.61 and its 200 day simple moving average is C$12.74. The firm has a market capitalization of C$106.85 million, a price-to-earnings ratio of 5.59 and a beta of 2.51.
SIR Royalty Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.095 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.14 annualized dividend and a yield of 8.94%. SIR Royalty Income Fund's dividend payout ratio (DPR) is presently 50.00%.
Insiders Place Their Bets
In other news, insider Lembit Janes sold 2,600 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of C$12.60, for a total value of C$32,760.00. Corporate insiders own 28.33% of the company's stock.
SIR Royalty Income Fund Company Profile
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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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