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Canoe EIT Income Fund (OTCMKTS:ENDTF) Shares Cross Above 50-Day Moving Average - Here's Why

Canoe EIT Income Fund logo with Finance background

Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$10.79 and traded as high as C$11.34. Canoe EIT Income Fund shares last traded at C$11.34, with a volume of 158 shares trading hands.

Canoe EIT Income Fund Stock Performance

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 firm's 50-day moving average price is C$10.82 and its two-hundred day moving average price is C$10.74. The firm has a market capitalization of C$1.35 billion and a price-to-earnings ratio of 3.21.

Canoe EIT Income Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 26th will be given a dividend of $0.0724 per share. This is a positive change from Canoe EIT Income Fund's previous dividend of $0.07. This represents a dividend yield of 7.84%. The ex-dividend date of this dividend is Friday, May 23rd. Canoe EIT Income Fund's payout ratio is 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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