Canoe EIT Income Fund (TSE:EIT.UN) Shares Down 0.4%

Canoe EIT Income Fund (TSE:EIT.UN) shares were down 0.4% on Wednesday . The company traded as low as C$10.73 and last traded at C$10.83, approximately 117,516 shares traded hands during mid-day trading. A decline of 7% from the average daily volume of 125,862 shares. The stock had previously closed at C$10.87.

The business has a 50-day moving average of C$11.06. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 21.20. The firm has a market cap of $927.48 million and a price-to-earnings ratio of -14.53.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, July 19th. This represents a $1.20 annualized dividend and a yield of 11.10%. Canoe EIT Income Fund’s dividend payout ratio is presently -161.29%.

About Canoe EIT Income Fund (TSE:EIT.UN)

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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