Keg Royalties Income Fund (TSE:KEG.UN) Stock Passes Below 200 Day Moving Average of $14.90

Shares of Keg Royalties Income Fund (TSE:KEG.UN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.90 and traded as low as C$12.84. Keg Royalties Income Fund shares last traded at C$13.03, with a volume of 5,611 shares trading hands.

Keg Royalties Income Fund Stock Up 1.1 %

The firm has a market cap of C$147.89 million, a P/E ratio of 14.16 and a beta of 1.36. The company has a debt-to-equity ratio of 161.29, a current ratio of 3.00 and a quick ratio of 2.11. The company’s 50-day simple moving average is C$13.68 and its 200 day simple moving average is C$14.90.

Keg Royalties Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 31st were given a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date was Thursday, October 19th. Keg Royalties Income Fund’s dividend payout ratio (DPR) is 123.91%.

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.