Canoe EIT Income Fund (TSE:EIT.UN) Stock Price Up 0.1% – What’s Next?

Shares of Canoe EIT Income Fund (TSE:EIT.UN) traded up 0.1% during trading on Wednesday . The stock traded as high as C$17.33 and last traded at C$17.32. 75,918 shares were traded during trading, a decline of 59% from the average daily volume of 185,450 shares. The stock had previously closed at C$17.31.

Canoe EIT Income Fund Stock Up 0.3%

The stock’s 50-day moving average price is C$17.20 and its 200 day moving average price is C$16.78. The company has a market cap of C$3.26 billion, a P/E ratio of 8.74 and a beta of 0.15.

Canoe EIT Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.10 dividend. The ex-dividend date was Monday, May 25th. This represents a c) dividend on an annualized basis and a yield of 6.9%. Canoe EIT Income Fund’s dividend payout ratio (DPR) is presently 60.00%.

About Canoe EIT Income Fund

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.