SIR Royalty Income Fund (TSE:SRV.UN) Share Price Crosses Above 50-Day Moving Average - What's Next?

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$12.60 and traded as high as C$12.78. SIR Royalty Income Fund shares last traded at C$12.75, with a volume of 7,159 shares trading hands.

SIR Royalty Income Fund Stock Performance

The firm has a market cap of C$107.52 million, a P/E ratio of 5.63 and a beta of 2.51. The stock's 50 day simple moving average is C$12.63 and its 200 day simple moving average is C$12.75.

SIR Royalty Income Fund Dividend Announcement

The firm 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 dividend of $0.095 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.14 dividend on an annualized basis and a yield of 8.89%. SIR Royalty Income Fund's dividend payout ratio (DPR) is presently 50.00%.

Insider Transactions at SIR Royalty Income Fund

In related news, insider Lembit Janes sold 10,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of C$13.00, for a total transaction of C$130,000.00. Insiders sold a total of 47,200 shares of company stock worth $599,963 in the last quarter. 28.33% of the stock is currently owned by corporate insiders.

SIR Royalty Income Fund Company Profile

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.