SIR Royalty Income Fund (TSE:SRV.UN) Sets New 12-Month Low – Should You Sell?

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price reached a new 52-week low during trading on Thursday. The company traded as low as C$13.54 and last traded at C$13.54, with a volume of 7375 shares trading hands. The stock had previously closed at C$14.15.

SIR Royalty Income Fund Stock Performance

The company has a 50 day moving average of C$15.39 and a two-hundred day moving average of C$15.58. The stock has a market capitalization of C$113.41 million, a PE ratio of 13.96 and a beta of 0.21.

SIR Royalty Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.1050 per share. This represents a $1.26 annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Friday, October 16th. SIR Royalty Income Fund’s payout ratio is presently 126.80%.

SIR Royalty Income Fund Company Profile

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.