Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Canoe EIT Income Fund (OTCMKTS:ENDTF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$10.51 and traded as high as C$10.52. Canoe EIT Income Fund shares last traded at C$10.49, with a volume of 883 shares changing hands.

Canoe EIT Income Fund Stock Up 3.1 %

The firm’s 50-day moving average price is C$10.51 and its 200-day moving average price is C$10.72. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of C$1.25 billion and a price-to-earnings ratio of 2.98.

Canoe EIT Income Fund Cuts Dividend

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