Economic Investment Trust (TSE:EVT) Shares Up 0.5%

Economic Investment Trust Limited (TSE:EVT)’s stock price shot up 0.5% during trading on Friday . The company traded as high as C$143.48 and last traded at C$143.48. 202 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 524 shares. The stock had previously closed at C$142.77.

Economic Investment Trust Stock Performance

The stock has a market cap of C$806.36 million, a PE ratio of 2.79 and a beta of 0.72. The company’s 50-day moving average price is C$140.80 and its two-hundred day moving average price is C$136.19.

Economic Investment Trust (TSE:EVT) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$1.20 earnings per share for the quarter. Economic Investment Trust had a return on equity of 13.02% and a net margin of 84.85%. The company had revenue of C$123.11 million for the quarter.

Economic Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, March 14th.

About Economic Investment Trust

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.