Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.UN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.94 and traded as low as C$14.50. Keg Royalties Income Fund shares last traded at C$14.64, with a volume of 12,220 shares.

Keg Royalties Income Fund Trading Down 0.3 %

The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04. The company has a market capitalization of C$164.01 million, a P/E ratio of 11.94 and a beta of 1.37. The company’s fifty day simple moving average is C$14.99 and its 200-day simple moving average is C$14.94.

Keg Royalties Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.0946 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.14 dividend on an annualized basis and a yield of 7.86%. Keg Royalties Income Fund’s dividend payout ratio is currently 94.21%.

Insider Transactions at Keg Royalties Income Fund

In other news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of C$15.20 per share, for a total transaction of C$202,222.51. Corporate insiders own 50.30% of the company’s stock.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.