SIR Royalty Income Fund (TSE:SRV.UN) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• The SIR Royalty Income Fund's stock price crossed above its 50-day moving average of C$14.65, trading at C$14.80 with a volume of 4,550 shares.
• The company recently announced a monthly dividend of $0.10 per share, yielding 8.1%, with the ex-dividend date set for September 19th.
• SIR Royalty Income Fund has a market cap of C$123.96 million and a price-to-earnings ratio of 11.94, indicating its valuation metrics in the market.

SIR Royalty Income Fund (TSE:SRV.UN - )'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.65 and traded as high as C$14.85. SIR Royalty Income Fund shares last traded at C$14.80, with a volume of 4,550 shares.

SIR Royalty Income Fund Stock Down 0.3%

The stock has a market cap of C$123.96 million, a price-to-earnings ratio of 11.94 and a beta of -0.15. The company's 50-day simple moving average is C$14.65 and its 200-day simple moving average is C$13.59.

SIR Royalty Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be given a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, September 19th. SIR Royalty Income Fund's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.