Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$11.75 and last traded at C$10.89, with a volume of 1811 shares trading hands. The stock had previously closed at C$10.93.
Canoe EIT Income Fund Stock Performance
The company has a fifty day moving average price of C$10.48 and a two-hundred day moving average price of C$10.23. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of C$1.32 billion and a P/E ratio of 3.13.
Canoe EIT Income Fund Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $0.0737 per share. This represents a yield of 8.12%. The ex-dividend date of this dividend is Tuesday, October 22nd. Canoe EIT Income Fund’s payout ratio is 17.05%.
About Canoe EIT Income Fund
Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.
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