Keg Royalties Income Fund (TSE:KEG.UN) Reaches New 12-Month High – Still a Buy?

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

Keg Royalties Income Fund Stock Performance

The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The stock has a fifty day moving average price of C$14.96 and a two-hundred day moving average price of C$14.51. The company has a market cap of C$180.81 million, a P/E ratio of 13.17 and a beta of 1.37.

Keg Royalties Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.0946 per share. This represents a $1.14 annualized dividend and a yield of 7.13%. The ex-dividend date is Monday, October 21st. Keg Royalties Income Fund’s payout ratio is currently 94.21%.

Keg Royalties Income Fund Company Profile

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.