SIR Royalty Income Fund (TSE:SRV.UN) to Issue Monthly Dividend of $0.10

SIR Royalty Income Fund (TSE:SRV.UN) announced a monthly dividend on Friday, September 20th, TickerTech reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.095 per share on Friday, September 27th. This represents a $1.14 annualized dividend and a dividend yield of 9.49%. The ex-dividend date of this dividend is Friday, September 20th.

SIR Royalty Income Fund Stock Down 0.1 %

Shares of SRV.UN opened at C$12.01 on Wednesday. The company has a market capitalization of C$100.64 million, a price-to-earnings ratio of 5.27 and a beta of 2.52. SIR Royalty Income Fund has a 52-week low of C$11.40 and a 52-week high of C$17.00. The stock has a 50 day moving average price of C$12.56 and a 200 day moving average price of C$13.24.

Insider Transactions at SIR Royalty Income Fund

In related news, insider Lembit Janes acquired 2,700 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was bought at an average price of C$11.50 per share, for a total transaction of C$31,050.00. Insiders own 28.33% of the company’s stock.

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.