Keg Royalties Income Fund (TSE:KEG.UN) Sets New 52-Week High – Should You Buy?

Keg Royalties Income Fund (TSE:KEG.UN)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.55 and last traded at C$15.54, with a volume of 18790 shares. The stock had previously closed at C$15.35.

Keg Royalties Income Fund Trading Up 1.8 %

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 stock has a 50 day simple moving average of C$14.91 and a 200-day simple moving average of C$14.49. The firm has a market cap of C$177.29 million, a P/E ratio of 12.91 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend is Monday, October 21st. Keg Royalties Income Fund’s payout ratio is 94.21%.

About Keg Royalties Income Fund

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.