Canoe EIT Income Fund (TSE:EIT.UN – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$25.95 and last traded at C$15.56, with a volume of 66405 shares. The stock had previously closed at C$15.55.
Canoe EIT Income Fund Trading Down 0.3%
The company has a 50 day simple moving average of C$15.42. The stock has a market cap of C$2.85 billion, a PE ratio of 4.92 and a beta of 0.42.
Canoe EIT Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, November 14th will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Wednesday, October 22nd. Canoe EIT Income Fund’s payout ratio is currently 38.10%.
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.
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