SIR Royalty Income Fund (TSE:SRV.UN) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

SIR Royalty Income Fund (TSE:SRV.UN)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.71 and traded as low as C$12.68. SIR Royalty Income Fund shares last traded at C$12.92, with a volume of 14,747 shares.

SIR Royalty Income Fund Stock Up 0.8 %

The company has a market cap of C$109.44 million, a P/E ratio of 5.73 and a beta of 2.51. The company has a fifty day moving average of C$12.75 and a 200 day moving average of C$12.71.

SIR Royalty Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.095 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.14 annualized dividend and a dividend yield of 8.73%. SIR Royalty Income Fund’s payout ratio is 50.00%.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.