Keg Royalties Income Fund Declares Monthly Dividend of $0.09 (TSE:KEG.UN)

Keg Royalties Income Fund (TSE:KEG.UN) announced a monthly dividend on Friday, February 21st,TickerTech Dividends reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.0946 per share on Friday, February 28th. This represents a $1.14 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date is Friday, February 21st.

Keg Royalties Income Fund Trading Up 0.7 %

Shares of KEG.UN stock opened at C$14.45 on Wednesday. Keg Royalties Income Fund has a 52-week low of C$12.91 and a 52-week high of C$15.95. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04. The firm has a market capitalization of C$164.01 million, a PE ratio of 11.94 and a beta of 1.37. The stock has a fifty day simple moving average of C$14.66 and a two-hundred day simple moving average of C$14.95.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of C$15.20 per share, for a total transaction of C$202,222.51. 50.30% of the stock is currently owned by company insiders.

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.