Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Keg Royalties Income Fund (TSE:KEG.UN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.86 and traded as low as C$13.90. Keg Royalties Income Fund shares last traded at C$13.96, with a volume of 4,106 shares.

Keg Royalties Income Fund Stock Up 0.6 %

The firm has a market cap of C$158.45 million, a price-to-earnings ratio of 11.54 and a beta of 1.37. The firm’s fifty day moving average is C$14.34 and its two-hundred day moving average is C$14.86. The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11.

Keg Royalties Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend is Friday, March 21st. Keg Royalties Income Fund’s payout ratio is 94.21%.

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.