Keg Royalties Income Fund (TSE:KEG.UN) Share Price Passes Above 50-Day Moving Average - Here's Why

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$15.33 and traded as high as C$18.43. Keg Royalties Income Fund shares last traded at C$18.39, with a volume of 29,855 shares trading hands.

Keg Royalties Income Fund Price Performance

The stock has a market capitalization of C$208.84 million, a PE ratio of 15.21 and a beta of 1.37. The firm has a 50 day moving average of C$15.59 and a two-hundred day moving average of C$14.96. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were paid a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend was Wednesday, May 21st. 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.