SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

SIR Royalty Income Fund (TSE:SRV.UN) shares crossed 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 traded.

SIR Royalty Income Fund Stock Performance

The company has a market capitalization of C$108.44 million, a P/E ratio of 5.68 and a beta of 2.51. The firm has a 50 day moving average price of C$12.76 and a two-hundred day moving average price of C$12.66.

SIR Royalty Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.095 dividend. The ex-dividend date was Thursday, December 19th. This represents a $1.14 dividend on an annualized basis and a yield of 8.81%. SIR Royalty Income Fund’s dividend payout ratio (DPR) is presently 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.