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

Key Points

• SIR Royalty Income Fund's stock price recently crossed above its 50-day moving average of C$14.73, reaching a high of C$14.99 during trading.
• The fund announced a monthly dividend of $0.10 per share, resulting in an annualized yield of 8.0%, with the ex-dividend date set for October 20th.
• As of the report, SIR Royalty Income Fund has a market capitalization of C$125.47 million and a PE ratio of 12.08.

Shares of SIR Royalty Income Fund (TSE:SRV.UN - ) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$14.73 and traded as high as C$14.99. SIR Royalty Income Fund shares last traded at C$14.98, with a volume of 8,636 shares traded.

SIR Royalty Income Fund Stock Performance

The stock has a market capitalization of C$125.47 million, a PE ratio of 12.08 and a beta of -0.11. The company has a 50 day moving average of C$14.73 and a two-hundred day moving average of C$13.81.

SIR Royalty Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be given a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, October 20th. SIR Royalty Income Fund's payout ratio is currently 91.94%.

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.

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