SIR Royalty Income Fund (TSE:SRV.UN) Share Price Passes Below 200 Day Moving Average - Here's Why

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.75 and traded as low as C$12.51. SIR Royalty Income Fund shares last traded at C$12.51, with a volume of 4,272 shares changing hands.

SIR Royalty Income Fund Stock Performance

The company has a market cap of C$100.14 million, a price-to-earnings ratio of 5.24 and a beta of 2.51. The business has a fifty day moving average price of C$12.62 and a 200 day moving average price of C$12.74.

SIR Royalty Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 9.54%. The ex-dividend date of this dividend was Friday, March 21st. SIR Royalty Income Fund's payout ratio is 50.00%.

Insider Activity

In related news, insider Lembit Janes sold 2,600 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of C$12.60, for a total transaction of C$32,760.00. 28.33% of the stock is currently owned by corporate insiders.

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.