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

Keg Royalties Income Fund (TSE:KEG.UN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Keg Royalties Income Fund Trading Down 1.6 %

The business’s 50 day simple moving average is C$14.21 and its 200 day simple moving average is C$14.82. The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The company has a market capitalization of C$155.27 million, a price-to-earnings ratio of 11.31 and a beta of 1.37.

Keg Royalties Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 8.30%. The ex-dividend date is Friday, March 21st. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 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.