SIR Royalty Income Fund (TSE:SRV.UN) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of SIR Royalty Income Fund (TSE:SRV.UN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.75 and traded as low as C$12.51. SIR Royalty Income Fund shares last traded at C$12.51, with a volume of 4,272 shares traded.

SIR Royalty Income Fund Stock Down 0.8 %

The company’s fifty day moving average is C$12.69 and its 200 day moving average is C$12.75. The firm has a market cap of C$104.83 million, a price-to-earnings ratio of 5.49 and a beta of 2.51.

SIR Royalty Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.11%. The ex-dividend date of this dividend was Friday, March 21st. SIR Royalty Income Fund’s dividend payout ratio is currently 50.00%.

About SIR Royalty Income Fund

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.