SIR Royalty Income Fund (TSE:SRV.UN) Sets New 52-Week High – Still a Buy?

Shares of SIR Royalty Income Fund (TSE:SRV.UNGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$16.44 and last traded at C$16.37, with a volume of 5525 shares. The stock had previously closed at C$15.90.

SIR Royalty Income Fund Stock Performance

The stock has a market cap of C$134.85 million, a price-to-earnings ratio of 15.33 and a beta of 0.07. The company’s 50 day simple moving average is C$15.71 and its 200 day simple moving average is C$15.64.

SIR Royalty Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a c) annualized dividend and a yield of 7.8%. SIR Royalty Income Fund’s payout ratio is presently 114.29%.

About SIR Royalty Income Fund

(Get Free Report)

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.

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