Keg Royalties Income Fund (TSE:KEG.UN) Share Price Crosses Below 200-Day Moving Average of $14.40

Keg Royalties Income Fund (TSE:KEG.UN)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.40 and traded as low as C$13.03. Keg Royalties Income Fund shares last traded at C$13.15, with a volume of 10,020 shares changing hands.

Keg Royalties Income Fund Stock Down 1.7 %

The business has a fifty day moving average of C$14.21 and a 200 day moving average of C$14.40. The company has a market capitalization of C$149.25 million, a PE ratio of 17.30 and a beta of 1.36. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 13.54.

Keg Royalties Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Friday, June 21st. Keg Royalties Income Fund’s dividend payout ratio (DPR) is 150.00%.

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.