SIR Royalty Income Fund (TSE:SRV.UN) Stock Passes Above 50 Day Moving Average - Here's What Happened

Shares of SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$12.80 and traded as high as C$12.85. SIR Royalty Income Fund shares last traded at C$12.74, with a volume of 900 shares trading hands.

SIR Royalty Income Fund Stock Up 0.6 %

The stock has a market capitalization of C$106.76 million, a PE ratio of 5.59 and a beta of 2.51. The stock's 50-day moving average is C$12.81 and its 200 day moving average is C$12.71.

SIR Royalty 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 $0.095 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.14 annualized dividend and a dividend yield of 8.95%. SIR Royalty Income Fund's payout ratio is 50.00%.

SIR Royalty Income Fund Company Profile

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.