Canoe EIT Income Fund (TSE:EIT.UN) Trading Down 1% - Time to Sell?

Key Points

• Canoe EIT Income Fund shares decreased by 1% to C$15.11 on Friday, with trading volumes rising by 21% compared to the average session.
• The fund has a market capitalization of C$2.74 billion and a PE ratio of 6.72.
• It recently declared a monthly dividend of $0.10, resulting in an annualized yield of 7.9% for shareholders of record.

Canoe EIT Income Fund (TSE:EIT.UN - Get Free Report) traded down 1% during mid-day trading on Friday . The company traded as low as C$15.03 and last traded at C$15.11. 211,561 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 174,482 shares. The stock had previously closed at C$15.27.

Canoe EIT Income Fund Price Performance

The company has a market cap of C$2.76 billion and a price-to-earnings ratio of 6.77. The company's fifty day simple moving average is C$15.48.

Canoe EIT Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.