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) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$14.59 and traded as high as C$15.49. SIR Royalty Income Fund shares last traded at C$15.49, with a volume of 2,956 shares trading hands.

SIR Royalty Income Fund Stock Up 0.9%

The company’s 50-day simple moving average is C$14.59 and its 200 day simple moving average is C$14.59. The company has a market capitalization of C$129.74 million, a P/E ratio of 16.48 and a beta of -0.14.

SIR Royalty Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Friday, December 19th. SIR Royalty Income Fund’s dividend payout ratio is presently 122.87%.

SIR Royalty Income Fund Company Profile

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.