SIR Royalty Income Fund (TSE:SRV.UN) Plans Dividend Increase – $0.11 Per Share

SIR Royalty Income Fund (TSE:SRV.UN) declared a monthly dividend on Friday, February 20th, TickerTech Dividends reports. Investors of record on Friday, February 27th will be paid a dividend of 0.105 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, February 20th. This is a 5.0% increase from SIR Royalty Income Fund’s previous monthly dividend of $0.10.

SIR Royalty Income Fund Stock Up 0.6%

Shares of SRV.UN stock opened at C$15.85 on Wednesday. The stock’s fifty day simple moving average is C$15.05 and its 200 day simple moving average is C$14.72. The firm has a market capitalization of C$132.76 million, a P/E ratio of 16.86 and a beta of -0.03. SIR Royalty Income Fund has a twelve month low of C$11.11 and a twelve month high of C$16.00.

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.