SIR Royalty Income Fund (TSE:SRV.UN) Sets New 52-Week Low – Here’s Why

Shares of SIR Royalty Income Fund (TSE:SRV.UN – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as C$13.54 and last traded at C$13.54, with a volume of 7375 shares trading hands. The stock had previously closed at C$14.15.

SIR Royalty Income Fund Price Performance

The company has a market capitalization of C$113.41 million, a P/E ratio of 13.96 and a beta of 0.21. The business has a 50-day moving average of C$15.39 and a 200-day moving average of C$15.58.

SIR Royalty Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be issued a dividend of $0.1050 per share. The ex-dividend date is Friday, October 16th. This represents a $1.26 dividend on an annualized basis and a yield of 9.3%. SIR Royalty Income Fund’s dividend payout ratio (DPR) is presently 126.80%.

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.

Further Reading

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