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Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Large Volume Increase - Should You Buy?

Canoe EIT Income Fund logo with Finance background

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) saw strong trading volume on Monday . 2,700 shares traded hands during trading, an increase of 28% from the previous session's volume of 2,104 shares.The stock last traded at C$11.17 and had previously closed at C$11.25.

Canoe EIT Income Fund Price Performance

The stock has a market capitalization of C$1.34 billion and a PE ratio of 3.18. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. The business's 50-day moving average price is C$11.05 and its 200 day moving average price is C$10.75.

Canoe EIT Income Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.0732 dividend. This is an increase from Canoe EIT Income Fund's previous dividend of $0.07. This represents a yield of 7.66%. The ex-dividend date is Friday, June 20th. Canoe EIT Income Fund's dividend payout ratio (DPR) is currently 17.05%.

Canoe EIT Income Fund Company Profile

(Get Free Report)

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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