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Canoe EIT Income Fund (TSE:EIT.UN) Stock Price Up 0.8% - What's Next?

Canoe EIT Income Fund logo with background

Canoe EIT Income Fund (TSE:EIT.UN - Get Free Report)'s share price shot up 0.8% on Wednesday . The stock traded as high as C$15.68 and last traded at C$15.68. 299,909 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 183,166 shares. The stock had previously closed at C$15.56.

Canoe EIT Income Fund Stock Down 0.9%

The stock has a market cap of C$2.80 billion and a price-to-earnings ratio of 6.85.

Canoe EIT Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend was Friday, May 23rd.

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