Canoe EIT Income Fund Declares Monthly Dividend of $0.10 (TSE:EIT.UN)

Key Points

• Canoe EIT Income Fund has declared a monthly dividend of $0.10 per share, payable on November 14th to investors of record as of the same date.
• The dividend represents an annualized yield of 7.7%, with the ex-dividend date set for October 22nd.
• The fund's current market price is C$15.51, and it has a market capitalization of C$2.85 billion.

Canoe EIT Income Fund (TSE:EIT.UN - ) announced a monthly dividend on Wednesday, October 22nd, TickerTech Dividends reports. Investors of record on Friday, November 14th will be given a dividend of 0.10 per share on Friday, November 14th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Wednesday, October 22nd.

Canoe EIT Income Fund Trading Up 0.1%

EIT.UN opened at C$15.51 on Monday. The firm has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 4.92 and a beta of 0.47. Canoe EIT Income Fund has a fifty-two week low of C$13.26 and a fifty-two week high of C$15.77. The stock's 50-day simple moving average is C$15.36.

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.

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