SIR Royalty Income Fund (TSE:SRV.UN) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• SIR Royalty shares briefly crossed above their 50‑day moving average (C$15.65) while the 200‑day MA is C$14.91; the stock last traded at C$15.51 on light volume (1,119 shares).
• The fund declared a monthly dividend of $0.105 per share payable March 31 (ex‑dividend March 20), implying a 8.1% yield but carrying a concerning 115.84% payout ratio.

SIR Royalty Income Fund (TSE:SRV.UN - )'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.65 and traded as high as C$15.65. SIR Royalty Income Fund shares last traded at C$15.51, with a volume of 1,119 shares trading hands.

SIR Royalty Income Fund Stock Performance

The stock has a market cap of C$129.91 million, a PE ratio of 15.36 and a beta of -0.06. The stock's 50-day moving average is C$15.65 and its two-hundred day moving average is C$14.91.

SIR Royalty Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, March 20th. SIR Royalty Income Fund's dividend payout ratio is 115.84%.

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.

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