Canoe EIT Income Fund (EIT.UN) to Issue Monthly Dividend of $0.10 on June 15th

Canoe EIT Income Fund (TSE:EIT.UN) announced a monthly dividend on Monday, May 25th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.10 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, May 25th.

Canoe EIT Income Fund Stock Performance

EIT.UN stock opened at C$17.42 on Friday. The company’s 50-day simple moving average is C$16.78 and its 200 day simple moving average is C$16.37. Canoe EIT Income Fund has a 52 week low of C$15.00 and a 52 week high of C$17.53. The company has a market capitalization of C$3.25 billion, a PE ratio of 8.71 and a beta of 0.22.

Canoe EIT Income Fund Company Profile

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.