Keg Royalties Income Fund (TSE:KEG.UN) Share Price Passes Below 200 Day Moving Average - Should You Sell?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.67 and traded as low as C$13.95. Keg Royalties Income Fund shares last traded at C$13.99, with a volume of 12,663 shares changing hands.

Keg Royalties Income Fund Stock Up 2.0 %

The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The stock has a 50-day moving average of C$13.98 and a 200-day moving average of C$14.65. The firm has a market cap of C$162.31 million, a price-to-earnings ratio of 11.82 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a $0.0946 dividend. The ex-dividend date is Monday, April 21st. This represents a $1.14 annualized dividend and a dividend yield of 7.94%. Keg Royalties Income Fund's payout ratio is currently 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.