Keg Royalties Income Fund (TSE:KEG.UN) Share Price Crosses Above 50 Day Moving Average of $15.58
Keg Royalties Income Fund (TSE:KEG.UN) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.58 and traded as high as $15.93. Keg Royalties Income Fund shares last traded at $15.87, with a volume of 10,665 shares changing hands.
The business’s 50 day moving average price is C$15.60 and its two-hundred day moving average price is C$16.20. The company has a current ratio of 3.76, a quick ratio of 3.73 and a debt-to-equity ratio of 14.38. The company has a market capitalization of $177.91 million and a price-to-earnings ratio of 15.15.
The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a $0.0946 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.24%. Keg Royalties Income Fund’s payout ratio is currently 110.25%.
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.
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