Canoe EIT Income Fund (TSE:EIT.UN) Declares Monthly Dividend of $0.10

Canoe EIT Income Fund (TSE:EIT.UN) announced a monthly dividend on Monday, May 25th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.10 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, May 25th.

Canoe EIT Income Fund Stock Up 0.1%

TSE:EIT.UN opened at C$17.42 on Friday. Canoe EIT Income Fund has a 52 week low of C$15.00 and a 52 week high of C$17.53. The stock has a market capitalization of C$3.25 billion, a PE ratio of 8.71 and a beta of 0.22. The stock’s 50-day moving average price is C$16.78 and its 200-day moving average price is C$16.37.

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.