SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Passes Below 200 Day Moving Average of $13.54

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.54 and traded as low as C$12.55. SIR Royalty Income Fund shares last traded at C$12.56, with a volume of 2,300 shares.

SIR Royalty Income Fund Price Performance

The firm’s 50 day moving average price is C$12.60 and its 200-day moving average price is C$13.54. The stock has a market cap of C$105.25 million, a P/E ratio of 5.51 and a beta of 2.53.

SIR Royalty Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.14 annualized dividend and a dividend yield of 9.08%. SIR Royalty Income Fund’s dividend payout ratio is presently 50.00%.

Insider Transactions at SIR Royalty Income Fund

In related news, insider Lembit Janes acquired 2,700 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average price of C$11.50 per share, for a total transaction of C$31,050.00. Insiders own 28.33% of the company’s stock.

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.