Keg Royalties Income Fund (TSE:KEG.UN) Share Price Crosses Below 200-Day Moving Average of $15.89

Keg Royalties Income Fund (TSE:KEG.UN – Get Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.89 and traded as low as C$15.50. Keg Royalties Income Fund shares last traded at C$15.50, with a volume of 3,892 shares traded.

Keg Royalties Income Fund Stock Down 0.5 %

The business has a 50-day moving average price of C$15.67 and a two-hundred day moving average price of C$15.89. The company has a quick ratio of 2.11, a current ratio of 2.94 and a debt-to-equity ratio of 165.51. The firm has a market cap of C$175.93 million, a PE ratio of 10.26 and a beta of 1.32.

Keg Royalties Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend is Thursday, May 18th. Keg Royalties Income Fund’s dividend payout ratio is currently 75.50%.

About Keg Royalties Income Fund

(Get Rating)

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.