Canso Credit Trust - Canso Credit Income Fund (TSE:PBY.UN) Declares $0.04 Monthly Dividend

Key Points

• Canso Credit Trust - Canso Credit Income Fund (TSE:PBY.UN) declared a monthly dividend of $0.04 per share, scheduled for payment to shareholders on August 11th.
• The fund boasts a 3.13% annual yield based on this dividend, which will contribute to an annualized total payout of $0.50.
• As of Tuesday, the stock opened at C$16.00, with a 52-week trading range between C$14.64 and C$16.61.

Canso Credit Trust - Canso Credit Income Fund (TSE:PBY.UN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 11th will be given a dividend of 0.0417 per share on Monday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, July 31st.

Canso Credit Trust - Canso Credit Income Fund Price Performance

Canso Credit Trust - Canso Credit Income Fund stock remained flat at C$16.10 during mid-day trading on Friday. 1,828 shares of the company's stock traded hands, compared to its average volume of 5,682. The business has a 50 day moving average of C$15.91 and a 200 day moving average of C$15.81. Canso Credit Trust - Canso Credit Income Fund has a 1-year low of C$14.64 and a 1-year high of C$16.61.

About Canso Credit Trust - Canso Credit Income Fund

The investment objectives of the Fund are to maximize total returns for holders of Units (Unitholders) on a tax-advantaged basis, while reducing risk and provide Unitholders with attractive monthly tax-advantaged cash distributions; by exposure to a diversified portfolio consisting primarily of corporate bonds (the Portfolio).