SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

SIR Royalty Income Fund (TSE:SRV.UN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.71 and traded as low as C$12.65. SIR Royalty Income Fund shares last traded at C$12.67, with a volume of 656 shares trading hands.

SIR Royalty Income Fund Stock Performance

The business’s 50 day simple moving average is C$12.77 and its 200-day simple moving average is C$12.71. The company has a market cap of C$106.17 million, a price-to-earnings ratio of 5.56 and a beta of 2.51.

SIR Royalty Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were paid a dividend of $0.095 per share. The ex-dividend date was Friday, February 14th. This represents a $1.14 annualized dividend and a dividend yield of 9.00%. SIR Royalty Income Fund’s dividend payout ratio (DPR) is 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.