Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.98 and traded as low as C$14.02. Keg Royalties Income Fund shares last traded at C$14.25, with a volume of 7,272 shares traded.
Keg Royalties Income Fund Stock Performance
The company's 50-day simple moving average is C$14.76 and its 200-day simple moving average is C$14.97. The stock has a market capitalization of C$158.11 million, a price-to-earnings ratio of 11.51 and a beta of 1.37. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62.
Keg Royalties Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.0946 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.14 dividend on an annualized basis and a yield of 8.15%. Keg Royalties Income Fund's payout ratio is 94.21%.
Insiders Place Their Bets
In other news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of Keg Royalties Income Fund stock in a transaction dated Tuesday, December 10th. The shares were bought at an average cost of C$15.20 per share, with a total value of C$202,222.51. Company insiders own 50.30% of the company's stock.
About Keg Royalties Income Fund
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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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