Keg Royalties Income Fund (TSE:KEG.UN) Shares Pass Below 200-Day Moving Average – Should You Sell?

Keg Royalties Income Fund (TSE:KEG.UN)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.82 and traded as low as C$13.90. Keg Royalties Income Fund shares last traded at C$13.90, with a volume of 5,300 shares changing hands.

Keg Royalties Income Fund Trading Down 0.6 %

The company has a 50 day moving average of C$14.23 and a 200 day moving average of C$14.82. The firm has a market cap of C$157.77 million, a P/E ratio of 11.49 and a beta of 1.37. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04.

Keg Royalties Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 8.17%. The ex-dividend date of this dividend is Friday, March 21st. Keg Royalties Income Fund’s dividend payout ratio is 94.21%.

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.