SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Passes Above 50 Day Moving Average of $13.27

Shares of SIR Royalty Income Fund (TSE:SRV.UN – Get Rating) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.27 and traded as high as C$13.86. SIR Royalty Income Fund shares last traded at C$13.75, with a volume of 6,648 shares traded.

SIR Royalty Income Fund Price Performance

The firm’s 50-day moving average price is C$13.27 and its 200 day moving average price is C$13.03. The firm has a market cap of C$115.17 million and a P/E ratio of 16.98.

SIR Royalty Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 29th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, July 20th. This represents a $1.08 annualized dividend and a dividend yield of 7.85%. SIR Royalty Income Fund’s payout ratio is 95.06%.

About SIR Royalty Income Fund

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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.