SIR Royalty Income Fund (TSE:SRV.UN) Stock Crosses Above 50 Day Moving Average – Should You Sell?

SIR Royalty Income Fund (TSE:SRV.UN) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.65 and traded as high as C$15.65. SIR Royalty Income Fund shares last traded at C$15.51, with a volume of 1,119 shares.

SIR Royalty Income Fund Price Performance

The firm has a market cap of C$127.32 million, a price-to-earnings ratio of 15.05 and a beta of -0.06. The business’s 50-day moving average price is C$15.64 and its two-hundred day moving average price is C$14.91.

SIR Royalty Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a $0.105 dividend. The ex-dividend date is Friday, March 20th. This represents a c) annualized dividend and a yield of 8.3%. SIR Royalty Income Fund’s payout ratio is 115.84%.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor’s Bar and Grill and Canyon Creek Chop House, Scaddabush/Alice Fazooli’s and signature restaurant brands. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.