Canoe EIT Income Fund (TSE:EIT.UN) Shares Up 0.1% – Still a Buy?

Canoe EIT Income Fund (TSE:EIT.UN)’s share price was up 0.1% on Thursday . The company traded as high as C$15.70 and last traded at C$15.68. Approximately 83,002 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 171,512 shares. The stock had previously closed at C$15.66.

Canoe EIT Income Fund Stock Up 0.1%

The company’s 50 day simple moving average is C$15.46 and its 200-day simple moving average is C$15.43. The firm has a market cap of C$2.88 billion, a P/E ratio of 4.98 and a beta of 0.42.

Canoe EIT Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 14th were paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Wednesday, October 22nd. Canoe EIT Income Fund’s dividend payout ratio (DPR) is currently 38.10%.

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.