Keg Royalties Income Fund (TSE:KEG.UN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Keg Royalties Income Fund (TSE:KEG.UN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.85 and traded as low as C$14.75. Keg Royalties Income Fund shares last traded at C$14.82, with a volume of 13,249 shares.

Keg Royalties Income Fund Stock Performance

The stock’s 50-day moving average is C$15.06 and its 200-day moving average is C$14.85. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The stock has a market cap of C$168.21 million, a price-to-earnings ratio of 12.25 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 7.66%. The ex-dividend date of this dividend was Friday, December 20th. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 94.21%.

Insider Activity at Keg Royalties Income Fund

In other Keg Royalties Income Fund news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of C$15.20 per share, with a total value of C$202,222.51. Company insiders own 50.30% of the company’s stock.

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.