Income Financial Trust (TSE:INC.UN – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$9.41 and last traded at C$9.41, with a volume of 9716 shares. The stock had previously closed at C$9.13.
Income Financial Trust Stock Up 3.1%
The stock has a market cap of C$31.60 million, a price-to-earnings ratio of 6.67 and a beta of 1.19. The stock’s 50 day moving average price is C$8.89 and its two-hundred day moving average price is C$8.54.
About Income Financial Trust
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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