Income Financial Trust (TSE:INC.UN – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$9.84 and last traded at C$9.84, with a volume of 903 shares traded. The stock had previously closed at C$9.83.
Income Financial Trust Price Performance
The firm has a market capitalization of C$33.08 million, a price-to-earnings ratio of 4.30 and a beta of 1.36. The stock has a 50 day moving average price of C$9.34 and a two-hundred day moving average price of C$8.97.
Income Financial Trust Company Profile
To generate additional returns above the dividend and interest income earned on the Portfolio, Income Financial writes covered calls on all or part of the securities held in the Portfolio. The net proceeds from this offering will be used by Income Financial to invest in a diversified portfolio (the Portfolio) consisting principally of common shares issued by corporations whose shares are included in The Toronto Stock Exchange Financial Services Index (the TSE Financial Services Index), the Standard Poors Financials Index (the SP Financials Index) or the Standard Poors MidCap Financials Index (the SP MidCap Financials Index).
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