Canoe EIT Income Fund (OTCMKTS:ENDTF) Reaches New 1-Year High at $10.75

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.75 and last traded at C$10.75, with a volume of 2258 shares. The stock had previously closed at C$10.68.

Canoe EIT Income Fund Price Performance

The firm has a market capitalization of C$1.28 billion and a price-to-earnings ratio of 3.03. 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 stock’s 50 day moving average price is C$10.26 and its two-hundred day moving average price is C$10.14.

Canoe EIT Income Fund Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.074 per share. This represents a dividend yield of 8.49%. This is a positive change from Canoe EIT Income Fund’s previous dividend of $0.07. The ex-dividend date is Friday, September 20th. Canoe EIT Income Fund’s payout ratio is currently 17.05%.

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.