SIR Royalty Income Fund (TSE:SRV.UN) Share Price Passes Above 50 Day Moving Average – Should You Sell?

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

SIR Royalty Income Fund Stock Up 1.0%

The firm has a fifty day simple moving average of C$14.29 and a 200-day simple moving average of C$14.37. The company has a market cap of C$123.21 million, a PE ratio of 15.65 and a beta of -0.29.

SIR Royalty Income Fund Announces Dividend

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