Keg Royalties Income Fund (TSE:KEG.UN) Shares Pass Below 200-Day Moving Average of $15.67

Keg Royalties Income Fund (TSE:KEG.UNGet Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.67 and traded as low as C$15.46. Keg Royalties Income Fund shares last traded at C$15.62, with a volume of 1,087 shares trading hands.

Keg Royalties Income Fund Price Performance

The stock has a market capitalization of C$177.35 million and a PE ratio of 37.19. The stock’s 50 day moving average is C$15.47 and its two-hundred day moving average is C$15.67. The company has a debt-to-equity ratio of 150.54, a quick ratio of 2.11 and a current ratio of 2.14.

Keg Royalties Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 30th will be paid a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend is Friday, November 18th. Keg Royalties Income Fund’s dividend payout ratio (DPR) is 270.29%.

Keg Royalties Income Fund Company Profile

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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.

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