SIR Royalty Income Fund (TSE:SRV.UN – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$16.44 and last traded at C$16.37, with a volume of 5525 shares changing hands. The stock had previously closed at C$15.90.
SIR Royalty Income Fund Stock Down 0.3%
The business’s 50 day moving average is C$15.74 and its 200-day moving average is C$15.66. The firm has a market cap of C$136.95 million, a P/E ratio of 15.57 and a beta of 0.07.
SIR Royalty Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be paid a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, July 17th. SIR Royalty Income Fund’s dividend payout ratio is 114.29%.
About SIR Royalty Income Fund
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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