SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

SIR Royalty Income Fund (TSE:SRV.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.71 and traded as low as C$12.65. SIR Royalty Income Fund shares last traded at C$12.67, with a volume of 656 shares traded.

SIR Royalty Income Fund Trading Up 0.2 %

The stock has a market capitalization of C$106.17 million, a price-to-earnings ratio of 5.56 and a beta of 2.51. The business has a 50 day simple moving average of C$12.77 and a 200-day simple moving average of C$12.71.

SIR Royalty Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.14 annualized dividend and a dividend yield of 9.00%. SIR Royalty Income Fund’s dividend payout ratio is presently 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.