Economic Investment Trust (TSE:EVT) Hits New 52-Week High at $148.99

Economic Investment Trust Limited (TSE:EVT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$148.99 and last traded at C$148.99, with a volume of 600 shares trading hands. The stock had previously closed at C$145.10.

Economic Investment Trust Stock Performance

The company has a market capitalization of C$837.32 million, a PE ratio of 2.82 and a beta of 0.71. The stock’s fifty day simple moving average is C$142.49 and its 200-day simple moving average is C$141.65.

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

Economic Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, June 14th.

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.