Canso Credit Trust – Canso Credit Income Fund (PBY.UN) to Distribute Monthly Dividend of $0.04 on August 10th

Canso Credit Trust – Canso Credit Income Fund (TSE:PBY.UN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors of record on Monday, August 10th will be given a dividend of 0.0417 per share on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 31st.

Canso Credit Trust – Canso Credit Income Fund Price Performance

TSE PBY.UN opened at C$16.08 on Wednesday. The company has a market cap of C$232.39 million, a price-to-earnings ratio of 21.73 and a beta of 0.10. The stock’s fifty day moving average price is C$16.18 and its 200 day moving average price is C$16.11. Canso Credit Trust – Canso Credit Income Fund has a 1 year low of C$15.52 and a 1 year high of C$16.74.

About Canso Credit Trust – Canso Credit Income Fund

The investment objectives of the Fund are to maximize total returns for holders of Units (Unitholders) on a tax-advantaged basis, while reducing risk and provide Unitholders with attractive monthly tax-advantaged cash distributions; by exposure to a diversified portfolio consisting primarily of corporate bonds (the Portfolio). The Fund seeks to achieve its investment objectives by obtaining exposure to the Portfolio. Canso tends to take a “bottom up approach to portfolio construction, focusing on security selection and then adjusting the portfolio to stay within its duration and term targets.