Keg Royalties Income Fund (TSE:KEG.UN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.UN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.67 and traded as low as C$13.95. Keg Royalties Income Fund shares last traded at C$13.99, with a volume of 12,663 shares changing hands.

Keg Royalties Income Fund Price Performance

The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62. The firm has a market capitalization of C$158.79 million, a PE ratio of 11.56 and a beta of 1.37. The stock has a 50-day moving average price of C$13.98 and a 200 day moving average price of C$14.67.

Keg Royalties Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be issued a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 8.11%. The ex-dividend date is Monday, April 21st. Keg Royalties Income Fund’s payout ratio is presently 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.