Canoe EIT Income Fund (TSE:EIT.UN) Declares $0.10 Monthly Dividend

Canoe EIT Income Fund (TSE:EIT.UN) announced a monthly dividend on Monday, February 23rd, TickerTech Dividends reports. Stockholders of record on Friday, March 13th will be given a dividend of 0.10 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, February 23rd.

Canoe EIT Income Fund Trading Up 1.1%

TSE:EIT.UN traded up C$0.18 during mid-day trading on Friday, hitting C$17.26. 318,931 shares of the company’s stock were exchanged, compared to its average volume of 212,470. The firm has a market capitalization of C$3.17 billion, a P/E ratio of 5.48 and a beta of -0.14. Canoe EIT Income Fund has a fifty-two week low of C$13.28 and a fifty-two week high of C$17.26. The company has a 50 day simple moving average of C$16.32 and a 200-day simple moving average of C$15.73.

About Canoe EIT Income Fund

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.