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

SIR Royalty Income Fund (TSE:SRV.UN) declared a monthly dividend on Friday, June 19th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.105 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, June 19th.

SIR Royalty Income Fund Price Performance

SRV.UN opened at C$15.51 on Wednesday. The company’s 50 day simple moving average is C$15.65 and its two-hundred day simple moving average is C$15.33. SIR Royalty Income Fund has a 1-year low of C$12.85 and a 1-year high of C$16.15. The firm has a market capitalization of C$129.91 million, a price-to-earnings ratio of 14.77 and a beta of 0.07.

About SIR Royalty Income Fund

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.