Keg Royalties Income Fund (TSE:KEG.UN) Shares Pass Below 200 Day Moving Average – What’s Next?

Keg Royalties Income Fund (TSE:KEG.UN) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.95 and traded as low as C$14.35. Keg Royalties Income Fund shares last traded at C$14.55, with a volume of 11,855 shares.

Keg Royalties Income Fund Stock Down 1.4 %

The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The stock has a market capitalization of C$162.87 million, a PE ratio of 11.86 and a beta of 1.37. The stock’s fifty day simple moving average is C$14.68 and its 200-day simple moving average is C$14.95.

Keg Royalties Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend was Friday, December 20th. Keg Royalties Income Fund’s dividend payout ratio is 94.21%.

Insiders Place Their Bets

In related news, Senior Officer Kenneth Joseph Grondin purchased 13,300 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were bought at an average cost of C$15.20 per share, with a total value of C$202,222.51. Insiders own 50.30% of the company’s stock.

About Keg Royalties Income Fund

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.