Canoe EIT Income Fund (TSE:EIT.UN – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$17.57 and last traded at C$17.52, with a volume of 18447 shares changing hands. The stock had previously closed at C$17.53.
Canoe EIT Income Fund Stock Down 0.1%
The business has a 50 day simple moving average of C$17.27 and a two-hundred day simple moving average of C$16.84. The firm has a market cap of C$3.29 billion, a PE ratio of 8.81 and a beta of 0.15.
Canoe EIT Income Fund Announces Dividend
The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.10 dividend. The ex-dividend date was Monday, May 25th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. Canoe EIT Income Fund’s dividend payout ratio is presently 60.00%.
Canoe EIT Income Fund Company Profile
The investment objectives of the Fund are to maximize monthly distributions relative to risk and maximize Net Asset Value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments as the Manager may determine in its sole discretion from time to time. The investment objectives set forth above may be achieved through direct acquisitions, investments or, at the election of the Manager, through exchange offers completed by the Fund from time to time.
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