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

Key Points

• Monthly dividend: Canso Credit Income Fund (TSE:PBY.UN) declared a monthly dividend of C$0.0417 per share payable to shareholders of record on May 11, with an ex-dividend date of April 30, implying an annualized yield of about 3.1%.
• Price and metrics: shares opened at C$16.35, trading in a 1‑year range of C$15.15–C$16.53, with a market capitalization of C$236.3M, a PE ratio of 22.09 and a beta of 0.10.
• Strategy: the Fund aims to deliver monthly, tax‑advantaged cash distributions by investing primarily in a diversified portfolio of corporate bonds, using a bottom‑up security‑selection approach while managing duration and term targets.

Canso Credit Trust - Canso Credit Income Fund (TSE:PBY.UN - Get Free Report) declared a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Shareholders of record on Monday, May 11th will be paid a dividend of 0.0417 per share on Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, April 30th.

Canso Credit Trust - Canso Credit Income Fund Price Performance

Shares of TSE:PBY.UN opened at C$16.35 on Tuesday. Canso Credit Trust - Canso Credit Income Fund has a 1 year low of C$15.15 and a 1 year high of C$16.53. The business has a 50 day simple moving average of C$16.02 and a two-hundred day simple moving average of C$15.97. The firm has a market capitalization of C$236.29 million, a PE ratio of 22.09 and a beta of 0.10.

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). The Fund seeks to achieve its investment objectives by obtaining exposure to the Portfolio. Canso tends to take a ``bottom up approach to portfolio construction, focusing on security selection and then adjusting the portfolio to stay within its duration and term targets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.