SIR Royalty Income Fund (TSE:SRV.UN) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

SIR Royalty Income Fund (TSE:SRV.UN)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.65 and traded as high as C$15.65. SIR Royalty Income Fund shares last traded at C$15.51, with a volume of 1,119 shares traded.

SIR Royalty Income Fund Price Performance

The stock’s 50 day moving average is C$15.65 and its two-hundred day moving average is C$14.91. The stock has a market capitalization of C$129.91 million, a PE ratio of 15.36 and a beta of -0.06.

SIR Royalty Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.105 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. SIR Royalty Income Fund’s dividend payout ratio is currently 115.84%.

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.