SIR Royalty Income Fund (TSE:SRV.UN) Reaches New 1-Year High – Here’s What Happened

SIR Royalty Income Fund (TSE:SRV.UN) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$16.45 and last traded at C$16.45, with a volume of 860 shares traded. The stock had previously closed at C$16.28.

SIR Royalty Income Fund Stock Performance

The company’s 50-day moving average is C$15.82 and its 200 day moving average is C$15.69. The company has a market capitalization of C$135.86 million, a PE ratio of 15.45 and a beta of 0.09.

SIR Royalty Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Friday, July 17th. SIR Royalty Income Fund’s dividend payout ratio is currently 114.29%.

About SIR Royalty Income Fund

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.