Keg Royalties Income Fund (TSE:KEG.UN) Shares Pass Above 50 Day Moving Average of $16.74

Keg Royalties Income Fund (TSE:KEG.UN) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.74 and traded as high as $16.65. Keg Royalties Income Fund shares last traded at $16.51, with a volume of 4,745 shares traded.

The firm has a 50 day moving average of C$16.72 and a two-hundred day moving average of C$17.12. The firm has a market capitalization of $186.20 million and a price-to-earnings ratio of 19.69. The company has a quick ratio of 3.77, a current ratio of 3.81 and a debt-to-equity ratio of 14.82.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be paid a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend is Thursday, September 19th. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 136.85%.

About Keg Royalties Income Fund (TSE:KEG.UN)

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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