Canoe EIT Income Fund (OTCMKTS:ENDTF) Sets New 12-Month High After Dividend Announcement

Canoe EIT Income Fund (OTCMKTS:ENDTF) shares hit a new 52-week high on Tuesday after the company announced a dividend. The company traded as high as C$10.67 and last traded at C$10.67, with a volume of 2205 shares changing hands. The stock had previously closed at C$10.46.

The newly announced dividend which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 23rd will be issued a $0.074 dividend. This represents a dividend yield of 8.49%. The ex-dividend date is Friday, September 20th. This is an increase from Canoe EIT Income Fund’s previous dividend of $0.07. Canoe EIT Income Fund’s dividend payout ratio (DPR) is currently 17.05%.

Canoe EIT Income Fund Trading Up 2.0 %

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91. The business’s fifty day moving average is C$10.21 and its 200 day moving average is C$10.11. The stock has a market cap of C$1.27 billion and a PE ratio of 2.97.

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.