SIR Royalty Income Fund (TSE:SRV.UN) Shares Pass Above Fifty Day Moving Average – Should You Sell?

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.60 and traded as high as C$15.70. SIR Royalty Income Fund shares last traded at C$15.70, with a volume of 933 shares trading hands.

SIR Royalty Income Fund Price Performance

The stock has a market capitalization of C$131.50 million, a PE ratio of 14.95 and a beta of 0.07. The stock has a 50 day moving average of C$15.60 and a two-hundred day moving average of C$15.27.

SIR Royalty Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were paid a $0.105 dividend. The ex-dividend date was Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. SIR Royalty Income Fund’s payout ratio is 114.29%.

About SIR Royalty Income Fund

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.