Economic Investment Trust (TSE:EVT) Stock Price Up 1.4% - Here's Why

Shares of Economic Investment Trust Limited (TSE:EVT - Get Free Report) rose 1.4% during mid-day trading on Monday . The stock traded as high as C$20.20 and last traded at C$20.20. Approximately 2,092 shares traded hands during trading, a decline of 63% from the average daily volume of 5,683 shares. The stock had previously closed at C$19.93.

Economic Investment Trust Stock Up 1.4%

The stock has a market capitalization of C$113.52 million, a price-to-earnings ratio of 0.39 and a beta of 0.75. The firm has a fifty day moving average of C$96.68 and a 200-day moving average of C$145.95.

Economic Investment Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.03 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.59%.

About Economic Investment Trust

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.

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