SIR Royalty Income Fund (TSE:SRV.UN) Stock Breaks Below 200-Day Moving Average – Time to Sell?

SIR Royalty Income Fund (TSE:SRV.UN – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$15.68 and traded as low as C$14.00. SIR Royalty Income Fund shares last traded at C$14.09, with a volume of 1,178 shares changing hands.

SIR Royalty Income Fund Stock Performance

The stock’s 50 day simple moving average is C$15.70 and its 200 day simple moving average is C$15.67. The firm has a market cap of C$120.03 million, a PE ratio of 14.77 and a beta of 0.09.

SIR Royalty Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.1050 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, September 18th. SIR Royalty Income Fund’s dividend payout ratio (DPR) is currently 126.80%.

About SIR Royalty Income Fund

(Get Free Report)

The Fund is a trust governed by the laws of the province of Ontario that receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis.

Further Reading

Receive News & Ratings for SIR Royalty Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIR Royalty Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.