SIR Royalty Income Fund (TSE:SRV.UN) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

SIR Royalty Income Fund (TSE:SRV.UN) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$12.66 and traded as high as C$12.71. SIR Royalty Income Fund shares last traded at C$12.70, with a volume of 1,455 shares.

SIR Royalty Income Fund Price Performance

The firm has a market cap of C$106.43 million, a P/E ratio of 5.57 and a beta of 2.51. The stock’s 50 day moving average is C$12.66 and its two-hundred day moving average is C$12.79.

SIR Royalty Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 8.98%. The ex-dividend date of this dividend is Friday, November 22nd. SIR Royalty Income Fund’s payout ratio is 50.00%.

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.