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

Key Points

• Canoe EIT Income Fund (OTCMKTS:ENDTF) experienced a significant increase in trading volume, with 4,400 shares traded, marking a 71% increase from the previous session.
• The fund announced a dividend of $0.0723 per share, yielding an impressive 772.0%, with a payout ratio of 17.05%.
• Canoe EIT Income Fund has a market capitalization of C$1.33 billion and a P/E ratio of 3.17, reflecting its performance and valuation metrics.

Canoe EIT Income Fund (OTCMKTS:ENDTF - ) shares saw strong trading volume on Wednesday . 4,400 shares traded hands during mid-day trading, an increase of 71% from the previous session's volume of 2,572 shares.The stock last traded at C$11.15 and had previously closed at C$11.02.

Canoe EIT Income Fund Price Performance

The company has a 50 day moving average of C$11.10 and a two-hundred day moving average of C$11.02. The firm has a market cap of C$1.33 billion and a P/E ratio of 3.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91.

Canoe EIT Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.0723 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a yield of 772.0%. Canoe EIT Income Fund's dividend payout ratio is currently 17.05%.

Canoe EIT Income Fund Company Profile

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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