Canoe EIT Income Fund (EIT.UN) to Issue Monthly Dividend of $0.10 on November 13th

Canoe EIT Income Fund (TSE:EIT.UN) announced a monthly dividend on Thursday, October 22nd. Investors of record on Friday, November 13th will be given a dividend of $0.10 per share on Friday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Thursday, October 22nd.

Canoe EIT Income Fund Stock Performance

Shares of EIT.UN opened at C$17.80 on Tuesday. The company has a market capitalization of C$3.43 billion, a PE ratio of 5.91 and a beta of 0.26. Canoe EIT Income Fund has a 12 month low of C$15.25 and a 12 month high of C$17.95. The stock’s 50-day moving average price is C$17.59 and its two-hundred day moving average price is C$17.35.

Canoe EIT Income Fund Company Profile

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.