SIR Royalty Income Fund (TSE:SRV.UN) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.71 and traded as low as C$12.68. SIR Royalty Income Fund shares last traded at C$12.92, with a volume of 14,747 shares traded.

SIR Royalty Income Fund Trading Up 2.5 %

The business’s fifty day simple moving average is C$12.75 and its 200 day simple moving average is C$12.71. The stock has a market cap of C$108.27 million, a P/E ratio of 5.67 and a beta of 2.51.

SIR Royalty Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date is Friday, March 21st. SIR Royalty Income Fund’s dividend payout ratio is currently 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.