SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Passes Below 200-Day Moving Average of $14.53

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.53 and traded as low as C$12.50. SIR Royalty Income Fund shares last traded at C$12.50, with a volume of 2,390 shares.

SIR Royalty Income Fund Stock Up 1.6 %

The company has a market cap of C$108.02 million, a P/E ratio of 5.35 and a beta of 2.57. The firm’s 50 day moving average is C$13.06 and its two-hundred day moving average is C$14.52.

SIR Royalty Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date of this dividend was Thursday, June 20th. SIR Royalty Income Fund’s dividend payout ratio is presently 48.10%.

Insider Activity

In related news, insider Lembit Janes acquired 2,700 shares of the stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of C$11.50 per share, for a total transaction of C$31,050.00. 28.17% of the stock is owned by company 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.