Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Crosses Above Fifty Day Moving Average of $16.42

Keg Royalties Income Fund (TSE:KEG.UN)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.42 and traded as high as $16.17. Keg Royalties Income Fund shares last traded at $16.16, with a volume of 7,836 shares trading hands.

The firm’s 50 day moving average price is C$16.42 and its two-hundred day moving average price is C$17.04. The company has a debt-to-equity ratio of 14.82, a quick ratio of 3.77 and a current ratio of 3.81. The firm has a market cap of $182.45 million and a PE ratio of 19.29.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be paid a $0.0946 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.14 annualized dividend and a dividend yield of 7.06%. Keg Royalties Income Fund’s dividend payout ratio (DPR) is 136.85%.

In other news, insider Cara Operations Limited purchased 6,800 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was acquired at an average price of C$15.99 per share, with a total value of C$108,732.00. Following the purchase, the insider now directly owns 18,500 shares in the company, valued at approximately C$295,815.

About Keg Royalties Income Fund (TSE:KEG.UN)

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.

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