Canoe EIT Income Fund (TSE:EIT.UN) Shares Down 0.4% – What’s Next?

Canoe EIT Income Fund (TSE:EIT.UN)’s share price traded down 0.4% during trading on Monday . The company traded as low as C$17.76 and last traded at C$17.77. 176,055 shares changed hands during trading, an increase of 1% from the average daily volume of 175,165 shares. The stock had previously closed at C$17.84.

Canoe EIT Income Fund Stock Down 0.4%

The firm has a market cap of C$3.31 billion, a PE ratio of 8.88 and a beta of 0.14. The company has a 50-day simple moving average of C$17.50 and a two-hundred day simple moving average of C$17.08.

Canoe EIT Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, May 25th. Canoe EIT Income Fund’s payout ratio is 60.00%.

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.