Economic Investment Trust Limited (TSE:EVT) Plans $0.30 Quarterly Dividend

Economic Investment Trust Limited (TSE:EVT) announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.30 per share on Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Friday, March 14th.

Economic Investment Trust Price Performance

Shares of EVT traded down C$0.52 during midday trading on Wednesday, hitting C$183.00. 590 shares of the company traded hands, compared to its average volume of 709. Economic Investment Trust has a one year low of C$134.00 and a one year high of C$193.59. The firm has a market cap of C$1.03 billion, a P/E ratio of 3.56 and a beta of 0.75. The stock has a 50-day moving average of C$180.61 and a 200-day moving average of C$171.54.

Insiders Place Their Bets

In related news, insider Economic Investment Trust Limited bought 300 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of C$164.00 per share, with a total value of C$49,200.00. Corporate insiders own 79.70% of the company’s stock.

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.