Economic Investment Trust (TSE:EVT) Trading Down 0.1% - Time to Sell?

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 - )'s share price fell 0.1% on Wednesday . The company traded as low as C$19.42 and last traded at C$19.49. 1,301 shares were traded during mid-day trading, a decline of 74% from the average session volume of 5,091 shares. The stock had previously closed at C$19.50.

Economic Investment Trust Trading Down 0.1%

The company has a market capitalization of C$109.53 million, a PE ratio of 0.38 and a beta of 0.75. The stock's 50-day moving average is C$19.69 and its two-hundred day moving average is C$96.22.

Economic Investment Trust Announces Dividend

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

Economic Investment Trust Company Profile

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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