SIR Royalty Income Fund (TSE:SRV.UN) Shares Cross Below 200 Day Moving Average – What’s Next?

SIR Royalty Income Fund (TSE:SRV.UN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.71 and traded as low as C$12.65. SIR Royalty Income Fund shares last traded at C$12.67, with a volume of 656 shares traded.

SIR Royalty Income Fund Price Performance

The firm’s 50-day moving average price is C$12.77 and its 200-day moving average price is C$12.71. The company has a market cap of C$106.17 million, a price-to-earnings ratio of 5.56 and a beta of 2.51.

SIR Royalty Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were issued a $0.095 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.14 annualized dividend and a yield of 9.00%. SIR Royalty Income Fund’s dividend payout ratio is currently 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.