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

Key Points

• SIR Royalty Income Fund's shares recently rose above their 50-day moving average of C$14.73 during trading, reaching C$14.83.
• The company announced a monthly dividend of $0.10 per share, yielding 8.3%, with an ex-dividend date set for October 20th.
• As of the latest data, SIR Royalty Income Fund has a market capitalization of C$121.62 million and a price-to-earnings ratio of 11.71.

SIR Royalty Income Fund (TSE:SRV.UN - ) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$14.73 and traded as high as C$14.83. SIR Royalty Income Fund shares last traded at C$14.52, with a volume of 7,300 shares.

SIR Royalty Income Fund Trading Down 0.5%

The firm has a market capitalization of C$121.62 million, a price-to-earnings ratio of 11.71 and a beta of -0.11. The company has a 50-day moving average of C$14.73 and a 200-day moving average of C$13.91.

SIR Royalty Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 31st will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Monday, October 20th. SIR Royalty Income Fund's dividend payout ratio is presently 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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