Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Passes Below 200 Day Moving Average - What's Next?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.91 and traded as low as C$13.98. Keg Royalties Income Fund shares last traded at C$14.23, with a volume of 8,142 shares changing hands.

Keg Royalties Income Fund Stock Performance

The company's 50 day simple moving average is C$14.45 and its 200 day simple moving average is C$14.90. The stock has a market cap of C$156.86 million, a PE ratio of 11.42 and a beta of 1.37. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04.

Keg Royalties Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were paid a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend was Friday, February 21st. Keg Royalties Income Fund's payout ratio is 94.21%.

Keg Royalties Income Fund Company Profile

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.