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

Keg Royalties Income Fund (TSE:KEG.UN)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.82 and traded as low as C$13.90. Keg Royalties Income Fund shares last traded at C$13.90, with a volume of 5,300 shares.

Keg Royalties Income Fund Price Performance

The company has a fifty day simple moving average of C$14.23 and a 200-day simple moving average of C$14.82. The company has a market cap of C$157.77 million, a P/E ratio of 11.49 and a beta of 1.37. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date is Friday, March 21st. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 94.21%.

Keg Royalties Income Fund Company Profile

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.