SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

SIR Royalty Income Fund (TSE:SRV.UN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.75 and traded as low as C$12.51. SIR Royalty Income Fund shares last traded at C$12.51, with a volume of 4,272 shares trading hands.

SIR Royalty Income Fund Trading Down 3.9 %

The stock has a market capitalization of C$100.73 million, a P/E ratio of 5.27 and a beta of 2.51. The stock’s 50 day simple moving average is C$12.68 and its 200 day simple moving average is C$12.74.

SIR Royalty Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.095 per share. The ex-dividend date was Friday, March 21st. This represents a $1.14 annualized dividend and a dividend yield of 9.48%. SIR Royalty Income Fund’s payout ratio is 50.00%.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.