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) crossed 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 Price Performance

The firm has a market cap of C$108.02 million, a PE ratio of 5.35 and a beta of 2.57. The stock’s fifty day moving average price is C$13.06 and its 200-day moving average price is C$14.52.

SIR Royalty Income Fund Announces Dividend

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

Insider Activity at SIR Royalty Income Fund

In other news, insider Lembit Janes acquired 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average price of C$11.50 per share, with a total value of C$31,050.00. 28.17% of the stock is currently owned by insiders.

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.