SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Shares of SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.66 and traded as low as C$12.63. SIR Royalty Income Fund shares last traded at C$13.20, with a volume of 30,678 shares trading hands.

SIR Royalty Income Fund Trading Down 2.8 %

The stock has a market cap of C$107.52 million, a price-to-earnings ratio of 5.63 and a beta of 2.51. The firm's 50 day moving average is C$12.76 and its two-hundred day moving average is C$12.66.

SIR Royalty Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.095 dividend. The ex-dividend date was Thursday, December 19th. This represents a $1.14 annualized dividend and a yield of 8.89%. SIR Royalty Income Fund's payout ratio is currently 50.00%.

About SIR Royalty Income Fund

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.