SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

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SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$14.01 and traded as high as C$14.77. SIR Royalty Income Fund shares last traded at C$14.65, with a volume of 6,100 shares changing hands.

SIR Royalty Income Fund Stock Down 0.5%

The stock has a market capitalization of C$122.77 million, a P/E ratio of 6.43 and a beta of 2.51. The firm's 50 day simple moving average is C$14.10 and its two-hundred day simple moving average is C$13.27.

SIR Royalty Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, August 15th. SIR Royalty Income Fund's dividend payout ratio (DPR) is currently 50.00%.

Insider Activity

In other news, insider Lembit Janes sold 7,000 shares of SIR Royalty Income Fund stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$13.71, for a total transaction of C$95,970.00. 28.33% of the stock is owned by corporate insiders.

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.