SIR Royalty Income Fund Announces Monthly Dividend of $0.10 (TSE:SRV.UN)

SIR Royalty Income Fund (TSE:SRV.UN) announced a monthly dividend on Friday, August 16th, TickerTech reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.095 per share on Friday, August 30th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Friday, August 16th.

SIR Royalty Income Fund Stock Performance

Shares of TSE:SRV.UN traded up C$0.01 during trading on Wednesday, reaching C$12.67. The stock had a trading volume of 400 shares, compared to its average volume of 3,766. The business has a fifty day moving average price of C$12.68 and a 200-day moving average price of C$13.84. The stock has a market cap of C$106.17 million, a PE ratio of 5.34 and a beta of 2.57. SIR Royalty Income Fund has a 1-year low of C$11.40 and a 1-year high of C$17.00.

Insiders Place Their Bets

In related news, insider Lembit Janes acquired 2,700 shares of the stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of C$11.50 per share, with a total value of C$31,050.00. 28.17% of the stock is currently owned by corporate insiders.

SIR Royalty Income Fund Company Profile

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.