Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.95 and traded as low as C$14.35. Keg Royalties Income Fund shares last traded at C$14.55, with a volume of 11,855 shares trading hands.
Keg Royalties Income Fund Stock Performance
The business has a 50 day moving average of C$14.66 and a 200 day moving average of C$14.95. The company has a market capitalization of C$162.87 million, a P/E ratio of 11.86 and a beta of 1.37. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62.
Keg Royalties Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend is Friday, February 21st. Keg Royalties Income Fund's payout ratio is presently 94.21%.
Insider Activity
In related news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of the stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of C$15.20 per share, with a total value of C$202,222.51. Corporate insiders own 50.30% of the company's stock.
Keg Royalties Income Fund Company Profile
(
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The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.
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