SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Crosses Below Fifty Day Moving Average of $15.60

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $15.60 and traded as low as $14.52. SIR Royalty Income Fund shares last traded at $14.58, with a volume of 3,226 shares trading hands.

The stock has a fifty day moving average of C$15.56. The firm has a market cap of $123.12 million and a P/E ratio of 10.73.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.105 per share. The ex-dividend date is Friday, July 19th. This represents a $1.26 annualized dividend and a yield of 8.57%. SIR Royalty Income Fund’s dividend payout ratio is presently 91.97%.

About SIR Royalty Income Fund (TSE:SRV.UN)

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.

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