Economic Investment Trust (TSE:EVT) Trading Up 1%

Economic Investment Trust Limited (TSE:EVT) shares rose 1% on Wednesday . The stock traded as high as C$141.25 and last traded at C$141.25. Approximately 1,250 shares changed hands during trading, an increase of 73% from the average daily volume of 723 shares. The stock had previously closed at C$139.90.

Economic Investment Trust Price Performance

The business’s fifty day moving average price is C$142.44 and its 200-day moving average price is C$141.01. The stock has a market capitalization of C$793.83 million, a PE ratio of 2.74 and a beta of 0.71.

Economic Investment Trust (TSE:EVT) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$1.11 earnings per share (EPS) for the quarter. The company had revenue of C$96.57 million during the quarter. Economic Investment Trust had a return on equity of 17.97% and a net margin of 85.30%.

Economic Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 annualized dividend and a yield of 0.85%.

About Economic Investment Trust

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.