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SIR Royalty Income Fund (TSE:SRV.UN) Shares Cross Above Fifty Day Moving Average - Here's What Happened

SIR Royalty Income Fund logo with Consumer Cyclical background

Key Points

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SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

SIR Royalty Income Fund Price Performance

The company has a fifty day moving average of C$14.08 and a two-hundred day moving average of C$13.25. The stock has a market capitalization of C$122.77 million, a P/E ratio of 6.43 and a beta of 2.51.

SIR Royalty Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, August 15th. SIR Royalty Income Fund's dividend payout ratio is currently 50.00%.

Insiders Place Their Bets

In other SIR Royalty Income Fund news, insider Lembit Janes sold 7,000 shares of the stock in a transaction on 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 currently owned by insiders.

About SIR Royalty Income Fund

(Get Free Report)

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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