SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

SIR Royalty Income Fund (TSE:SRV.UN) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$15.67 and traded as high as C$16.01. SIR Royalty Income Fund shares last traded at C$16.01, with a volume of 2,039 shares.

SIR Royalty Income Fund Stock Performance

The stock has a market cap of C$134.10 million, a PE ratio of 15.25 and a beta of 0.07. The firm has a fifty day moving average price of C$15.67 and a 200 day moving average price of C$15.52.

SIR Royalty Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be paid a $0.105 dividend. The ex-dividend date is Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 7.9%. SIR Royalty Income Fund’s dividend payout ratio (DPR) is 114.29%.

SIR Royalty Income Fund Company Profile

The Fund is a trust governed by the laws of the province of Ontario that receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis.