SIR Royalty Income Fund (TSE:SRV.UN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

SIR Royalty Income Fund (TSE:SRV.UN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.79 and traded as low as C$15.04. SIR Royalty Income Fund shares last traded at C$15.18, with a volume of 8,274 shares traded.

SIR Royalty Income Fund Stock Up 0.5%

The firm has a 50 day simple moving average of C$16.06 and a 200-day simple moving average of C$15.79. The stock has a market cap of C$127.82 million, a P/E ratio of 15.73 and a beta of 0.09.

SIR Royalty Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 31st were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. SIR Royalty Income Fund’s payout ratio is presently 126.80%.

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.