Economic Investment Trust (TSE:EVT) Trading Down 0.1% - What's Next?

Key Points

• Economic Investment Trust (TSE:EVT) shares fell by 0.1% to C$19.49, with trading volume significantly lower at 74% less than the average.
• The company announced a quarterly dividend of $0.03 per share, translating to an annualized yield of 0.6%.
• Economic Investment Trust primarily invests in public equity markets globally, with a market capitalization of C$109.53 million and a PE ratio of 0.38.

Economic Investment Trust Limited (TSE:EVT - Get Free Report)'s stock price dropped 0.1% during trading on Wednesday . The company traded as low as C$19.42 and last traded at C$19.49. Approximately 1,301 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 5,091 shares. The stock had previously closed at C$19.50.

Economic Investment Trust Stock Down 0.2%

The stock's 50-day moving average price is C$19.66 and its 200 day moving average price is C$92.55. The company has a market cap of C$108.13 million, a P/E ratio of 0.37 and a beta of 0.75.

Economic Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.6%.

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.