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

Shares of SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$12.73 and traded as high as C$13.19. SIR Royalty Income Fund shares last traded at C$13.14, with a volume of 700 shares.

SIR Royalty Income Fund Price Performance

The stock has a market cap of C$112.71 million, a P/E ratio of 5.90 and a beta of 2.51. The company has a fifty day moving average price of C$12.76 and a 200 day moving average price of C$12.76.

SIR Royalty Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.14 annualized dividend and a yield of 8.48%. SIR Royalty Income Fund's dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling

In other SIR Royalty Income Fund news, insider Lembit Janes sold 16,900 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of C$12.62, for a total value of C$213,278.00. Over the last 90 days, insiders sold 57,200 shares of company stock worth $728,163. 28.33% of the stock is owned by corporate insiders.

About SIR Royalty Income Fund

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.