Keg Royalties Income Fund (TSE:KEG.UN) Stock Passes Below 200-Day Moving Average – What’s Next?

Keg Royalties Income Fund (TSE:KEG.UN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.92 and traded as low as C$14.21. Keg Royalties Income Fund shares last traded at C$14.35, with a volume of 9,746 shares changing hands.

Keg Royalties Income Fund Trading Down 0.2 %

The company’s fifty day simple moving average is C$14.56 and its two-hundred day simple moving average is C$14.92. The company has a market capitalization of C$162.53 million, a price-to-earnings ratio of 11.83 and a beta of 1.37. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be given a $0.0946 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.14 annualized dividend and a dividend yield of 7.93%. Keg Royalties Income Fund’s dividend payout ratio is presently 94.21%.

Insider Buying and Selling at Keg Royalties Income Fund

In other news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average cost of C$15.20 per share, for a total transaction of C$202,222.51. Insiders own 50.30% of the company’s stock.

Keg Royalties Income Fund Company Profile

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.