Keg Royalties Income Fund (TSE:KEG.UN) Share Price Passes Below 200 Day Moving Average of $14.39

Keg Royalties Income Fund (TSE:KEG.UN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.39 and traded as low as C$13.17. Keg Royalties Income Fund shares last traded at C$13.49, with a volume of 8,800 shares.

Keg Royalties Income Fund Stock Up 1.3 %

The business’s fifty day moving average is C$14.08 and its two-hundred day moving average is C$14.39. The company has a market cap of C$153.11 million, a P/E ratio of 17.75 and a beta of 1.36. The company has a debt-to-equity ratio of 13.54, a quick ratio of 2.11 and a current ratio of 0.04.

Keg Royalties Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date of this dividend was Friday, June 21st. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 150.00%.

About Keg Royalties Income Fund

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.