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

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$12.66 and traded as high as C$12.71. SIR Royalty Income Fund shares last traded at C$12.70, with a volume of 1,455 shares traded.

SIR Royalty Income Fund Price Performance

The firm has a market cap of C$106.43 million, a PE ratio of 5.57 and a beta of 2.51. The business has a 50-day moving average price of C$12.66 and a two-hundred day moving average price of C$12.78.

SIR Royalty Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date is Friday, November 22nd. SIR Royalty Income Fund’s payout ratio is currently 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.