SIR Royalty Income Fund (TSE:SRV.UN) Shares Pass Below 200 Day Moving Average of $13.93

Shares of SIR Royalty Income Fund (TSE:SRV.UN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.93 and traded as low as C$12.44. SIR Royalty Income Fund shares last traded at C$12.44, with a volume of 2,755 shares trading hands.

SIR Royalty Income Fund Stock Up 0.5 %

The business has a 50 day simple moving average of C$12.69 and a 200-day simple moving average of C$13.90. The company has a market capitalization of C$104.75 million, a P/E ratio of 5.27 and a beta of 2.57.

SIR Royalty Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend is Friday, August 16th. SIR Royalty Income Fund’s dividend payout ratio is currently 48.10%.

Insiders Place Their Bets

In other news, insider Lembit Janes purchased 2,700 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average cost of C$11.50 per share, with a total value of C$31,050.00. 28.17% of the stock is owned by insiders.

SIR Royalty Income Fund Company Profile

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.