SIR Royalty Income Fund (TSE:SRV.UN) Stock Jumps 0.4% – Time to Buy?

Shares of SIR Royalty Income Fund (TSE:SRV.UN – Get Free Report) shot up 0.4% on Wednesday. The company traded as high as C$14.15 and last traded at C$14.15. Approximately 4,100 shares traded hands 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 Up 0.4%

The company’s 50 day moving average price is C$14.24 and its two-hundred day moving average price is C$15.40. The firm has a market cap of C$118.52 million, a PE ratio of 14.59 and a beta of 0.24.

SIR Royalty Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were issued a dividend of $0.1050 per share. This represents a $1.26 annualized dividend and a yield of 8.9%. The ex-dividend date was Friday, October 16th. SIR Royalty Income Fund’s dividend payout ratio is presently 126.80%.

SIR Royalty Income Fund Company Profile

(Get Free Report)

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.

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