Canoe EIT Income Fund (TSE:EIT.UN) Reaches New 52-Week High – What’s Next?

Canoe EIT Income Fund (TSE:EIT.UN) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.74 and last traded at C$15.72, with a volume of 38508 shares. The stock had previously closed at C$15.72.

Canoe EIT Income Fund Trading Up 0.1%

The stock has a fifty day moving average of C$15.48 and a two-hundred day moving average of C$15.43. The company has a market capitalization of C$2.87 billion, a PE ratio of 4.97 and a beta of -0.28.

Canoe EIT Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 14th were paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Wednesday, October 22nd. Canoe EIT Income Fund’s payout ratio is 38.10%.

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.