Canoe EIT Income Fund (TSE:EIT.UN) Shares Down 0.5% - Here's What Happened

Key Points

• Shares of Canoe EIT Income Fund fell 0.5% to C$16.67 on Wednesday, with volume around 249,917 shares (up 27% versus the average); the stock sits near its 50‑day MA (C$16.72) and has a market cap of C$3.11 billion, a P/E of 8.34 and a beta of 0.23.
• The fund paid a monthly dividend of C$0.10 per share on March 13 (ex‑dividend Feb 23), implying a 7.2% yield and a dividend payout ratio of 60%.

Shares of Canoe EIT Income Fund (TSE:EIT.UN - ) dropped 0.5% during trading on Wednesday . The company traded as low as C$16.67 and last traded at C$16.67. Approximately 249,917 shares traded hands during trading, an increase of 27% from the average daily volume of 197,295 shares. The stock had previously closed at C$16.75.

Canoe EIT Income Fund Stock Performance

The stock's 50-day moving average price is C$16.72 and its two-hundred day moving average price is C$16.19. The stock has a market capitalization of C$3.11 billion, a PE ratio of 8.34 and a beta of 0.23.

Canoe EIT Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Monday, February 23rd. Canoe EIT Income Fund's dividend payout ratio is 60.00%.

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. The investment objectives set forth above may be achieved through direct acquisitions, investments or, at the election of the Manager, through exchange offers completed by the Fund from time to time.

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