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

Key Points

• SIR Royalty Income Fund's share price has surpassed its 50-day moving average, trading at C$14.86 after reaching a high of C$14.89.
• The fund declared a monthly dividend of $0.10 with a yield of 8.1%, and the payout ratio is at 91.94%.
• SIR Royalty Income Fund is valued at a market cap of C$124.47 million and has a PE ratio of 11.98, indicating its current earnings relative to its share price.

SIR Royalty Income Fund (TSE:SRV.UN - )'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$14.69 and traded as high as C$14.89. SIR Royalty Income Fund shares last traded at C$14.86, with a volume of 1,533 shares traded.

SIR Royalty Income Fund Stock Up 0.4%

The firm has a market cap of C$124.47 million, a PE ratio of 11.98 and a beta of -0.15. The company has a 50-day simple moving average of C$14.69 and a two-hundred day simple moving average of C$13.67.

SIR Royalty Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Friday, September 19th. SIR Royalty Income Fund's payout ratio is 91.94%.

About SIR Royalty Income Fund

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.

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