Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$10.61 and traded as high as C$10.72. Canoe EIT Income Fund shares last traded at C$10.72, with a volume of 466 shares traded.

Canoe EIT Income Fund Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The stock’s 50 day moving average is C$10.61 and its 200 day moving average is C$10.75. The stock has a market capitalization of C$1.26 billion and a price-to-earnings ratio of 2.99.

Canoe EIT Income Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.0696 dividend. This represents a dividend yield of 7.87%. The ex-dividend date is Friday, March 21st. Canoe EIT Income Fund’s dividend payout ratio (DPR) is presently 17.05%.

About Canoe EIT Income Fund

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.