SIR Royalty Income Fund (TSE:SRV.UN) Reaches New 12-Month Low – Here’s Why

SIR Royalty Income Fund (TSE:SRV.UN) reached a new 52-week low on Monday . The company traded as low as C$11.11 and last traded at C$11.61, with a volume of 12673 shares trading hands. The stock had previously closed at C$12.02.

SIR Royalty Income Fund Stock Down 2.1 %

The firm has a market capitalization of C$98.63 million, a P/E ratio of 5.16 and a beta of 2.51. The firm has a 50 day moving average of C$12.66 and a 200-day moving average of C$12.75.

SIR Royalty Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.095 dividend. The ex-dividend date was Friday, March 21st. This represents a $1.14 annualized dividend and a yield of 9.69%. SIR Royalty Income Fund’s dividend payout ratio is presently 50.00%.

Insider Transactions at SIR Royalty Income Fund

In related news, insider Lembit Janes sold 2,600 shares of SIR Royalty Income Fund stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of C$12.60, for a total value of C$32,760.00. 28.33% of the stock is currently owned by 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.