Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > Another 7-cent distribution declared..

<< Previous

Bullboard Posts

Next >>

Comment by wildrunner11on Aug 12, 2021 12:22pm

101 Views

Post# 33694358

RE:RE:RE:RE:Another 7-cent distribution declared..

I'm expecting them to hold steady on the monthly dividends, if there is an increase it has to be maintainable after the catch up dividends are paid up( $0.04 ish, does anyone really know) So, I'm expecting in a year or so to see some special div payments. Before COVID, SIR was paying $0.0875 dividend per month per share. I expect us to get back to this (yes, lost a few restaurants but prices have gone up, so hopefully a wash).

I don't want to see, monthly dividends go to 0.1275 a month, to only see it go back down to $0.0875 in 12 months, rather they bring it up to sustainable amount, so, $0.0875 and then anything in excess be paid out in a special div to catch up.

<< Previous

Bullboard Posts

Next >>

This gambling tech stock might be the safest bet you’ll make this year