SIR Royalty Income Fund (TSE:SRV.UN) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of SIR Royalty Income Fund (TSE:SRV.UN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.09 and traded as low as C$14.09. SIR Royalty Income Fund shares last traded at C$14.15, with a volume of 1,951 shares changing hands.

SIR Royalty Income Fund Trading Up 1.0%

The stock has a fifty day moving average price of C$14.64 and a 200-day moving average price of C$14.09. The firm has a market capitalization of C$118.52 million, a price-to-earnings ratio of 11.41 and a beta of -0.21.

SIR Royalty Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Wednesday, November 19th. SIR Royalty Income Fund’s dividend payout ratio is currently 91.94%.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor’s Bar and Grill and Canyon Creek Chop House, Scaddabush/Alice Fazooli’s and signature restaurant brands.