SIR Royalty Income Fund (TSE:SRV.UN) Stock Passes Above 50 Day Moving Average – Here’s Why

SIR Royalty Income Fund (TSE:SRV.UN) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$14.29 and traded as high as C$14.71. SIR Royalty Income Fund shares last traded at C$14.71, with a volume of 2,426 shares changing hands.

SIR Royalty Income Fund Price Performance

The stock’s 50 day moving average is C$14.29 and its two-hundred day moving average is C$14.37. The stock has a market capitalization of C$123.21 million, a PE ratio of 15.65 and a beta of -0.29.

SIR Royalty Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Friday, December 19th. SIR Royalty Income Fund’s dividend payout ratio (DPR) is presently 122.87%.

About SIR Royalty Income Fund

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor’s Bar and Grill and Canyon Creek Chop House, Scaddabush/Alice Fazooli’s and signature restaurant brands. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.