Keg Royalties Income Fund (TSE:KEG.UN) Stock Passes Below 200-Day Moving Average of $14.39

Keg Royalties Income Fund (TSE:KEG.UN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.39 and traded as low as C$13.17. Keg Royalties Income Fund shares last traded at C$13.49, with a volume of 8,800 shares.

Keg Royalties Income Fund Trading Up 1.3 %

The firm’s 50 day moving average price is C$14.08 and its 200-day moving average price is C$14.39. The company has a debt-to-equity ratio of 13.54, a current ratio of 0.04 and a quick ratio of 2.11. The stock has a market cap of C$153.11 million, a P/E ratio of 17.75 and a beta of 1.36.

Keg Royalties Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a $0.0946 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $1.14 annualized dividend and a yield of 8.42%. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 150.00%.

About Keg Royalties Income Fund

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.