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

Keg Royalties Income Fund (TSE:KEG.UN)’s stock price passed 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 Price Performance

The firm has a 50-day moving average of C$14.17 and a 200 day moving average of C$14.39. The company has a market capitalization of C$153.00 million, a PE ratio of 17.74 and a beta of 1.36. The company has a debt-to-equity ratio of 13.54, a current ratio of 0.04 and a quick ratio of 2.11.

Keg Royalties Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.0946 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.14 annualized dividend and a dividend yield of 8.42%. Keg Royalties Income Fund’s payout ratio is 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.