Canoe EIT Income Fund (OTCMKTS:ENDTF) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Canoe EIT Income Fund stock surpassed its 50-day moving average of C$11.14, trading at a high of C$11.29 during recent sessions.
• The fund announced a dividend payment of $0.0723 on October 15th, which yields 772.0%, with a dividend payout ratio of 17.05%.
• Canoe EIT Income Fund has a market capitalization of C$1.35 billion and a P/E ratio of 3.21, indicating strong financial strength despite recent dividend changes.

Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.14 and traded as high as C$11.29. Canoe EIT Income Fund shares last traded at C$11.29, with a volume of 2,300 shares trading hands.

Canoe EIT Income Fund Trading Down 0.1%

The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The company's 50 day moving average is C$11.14 and its two-hundred day moving average is C$10.99. The firm has a market cap of C$1.33 billion and a P/E ratio of 3.17.

Canoe EIT Income Fund Cuts Dividend

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

About Canoe EIT Income Fund

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.