SIR Royalty Income Fund (TSE:SRV.UN) Share Price Crosses Below 200-Day Moving Average – What’s Next?

SIR Royalty Income Fund (TSE:SRV.UN)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.66 and traded as low as C$12.63. SIR Royalty Income Fund shares last traded at C$13.20, with a volume of 30,678 shares traded.

SIR Royalty Income Fund Trading Up 6.5 %

The firm has a market capitalization of C$110.62 million, a PE ratio of 5.79 and a beta of 2.51. The stock’s 50 day moving average price is C$12.76 and its two-hundred day moving average price is C$12.66.

SIR Royalty Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.095 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $1.14 dividend on an annualized basis and a yield of 8.64%. SIR Royalty Income Fund’s dividend payout ratio (DPR) is 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.