Keg Royalties Income Fund (TSE:KEG.UN) Trading Up 1.5% – Time to Buy?

Shares of Keg Royalties Income Fund (TSE:KEG.UN) shot up 1.5% on Tuesday . The company traded as high as C$15.26 and last traded at C$15.26. 15,030 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 9,249 shares. The stock had previously closed at C$15.03.

Keg Royalties Income Fund Stock Down 0.6 %

The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The firm has a 50 day moving average price of C$15.31 and a 200-day moving average price of C$14.72. The firm has a market cap of C$170.70 million, a price-to-earnings ratio of 12.50 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend was Thursday, November 21st. Keg Royalties Income Fund’s payout ratio is currently 94.21%.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.