SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of SIR Royalty Income Fund (TSE:SRV.UN) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$14.59 and traded as high as C$15.49. SIR Royalty Income Fund shares last traded at C$15.49, with a volume of 2,956 shares trading hands.

SIR Royalty Income Fund Price Performance

The business has a 50 day moving average price of C$14.59 and a 200 day moving average price of C$14.59. The firm has a market capitalization of C$129.74 million, a P/E ratio of 16.48 and a beta of -0.14.

SIR Royalty Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a $0.10 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Friday, December 19th. SIR Royalty Income Fund’s payout ratio is currently 122.87%.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor’s Bar and Grill and Canyon Creek Chop House, Scaddabush/Alice Fazooli’s and signature restaurant brands. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.