SIR Royalty Income Fund (SRV.UN) to Issue Monthly Dividend of $0.11 on May 29th

SIR Royalty Income Fund (TSE:SRV.UN) announced a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 29th will be given a dividend of 0.105 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Friday, May 15th.

SIR Royalty Income Fund Price Performance

TSE SRV.UN traded down C$0.01 during trading on Wednesday, reaching C$15.69. 1,282 shares of the company’s stock traded hands, compared to its average volume of 3,186. SIR Royalty Income Fund has a 12-month low of C$12.85 and a 12-month high of C$16.15. The firm has a market cap of C$131.42 million, a price-to-earnings ratio of 14.94 and a beta of 0.03. The company’s 50 day simple moving average is C$15.64 and its two-hundred day simple moving average is C$15.11.

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.