Keg Royalties Income Fund (TSE:KEG.UN) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.UN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.86 and traded as low as C$13.90. Keg Royalties Income Fund shares last traded at C$13.96, with a volume of 4,106 shares.

Keg Royalties Income Fund Price Performance

The stock has a 50 day moving average price of C$14.33 and a two-hundred day moving average price of C$14.86. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04. The company has a market capitalization of C$162.53 million, a PE ratio of 11.83 and a beta of 1.37.

Keg Royalties Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Friday, March 21st. Keg Royalties Income Fund’s payout ratio is 94.21%.

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.