Canso Credit Trust – Canso Credit Income Fund (PBY.UN) to Issue Monthly Dividend of $0.04 on August 10th

Canso Credit Trust – Canso Credit Income Fund (TSE:PBY.UN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 10th will be given a dividend of 0.0417 per share on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 31st.

Canso Credit Trust – Canso Credit Income Fund Price Performance

Shares of PBY.UN opened at C$16.08 on Wednesday. The stock has a market cap of C$232.39 million, a P/E ratio of 21.73 and a beta of 0.10. The business’s 50 day moving average price is C$16.18 and its 200-day moving average price is C$16.11. Canso Credit Trust – Canso Credit Income Fund has a 52 week low of C$15.52 and a 52 week high of C$16.74.

Canso Credit Trust – Canso Credit Income Fund Company Profile

The investment objectives of the Fund are to maximize total returns for holders of Units (Unitholders) on a tax-advantaged basis, while reducing risk and provide Unitholders with attractive monthly tax-advantaged cash distributions; by exposure to a diversified portfolio consisting primarily of corporate bonds (the Portfolio). The Fund seeks to achieve its investment objectives by obtaining exposure to the Portfolio. Canso tends to take a “bottom up approach to portfolio construction, focusing on security selection and then adjusting the portfolio to stay within its duration and term targets.