Economic Investment Trust (TSE:EVT) Reaches New 1-Year High at $147.00

Economic Investment Trust Limited (TSE:EVT) reached a new 52-week high during trading on Wednesday . The company traded as high as C$147.00 and last traded at C$147.00, with a volume of 1200 shares. The stock had previously closed at C$144.00.

Economic Investment Trust Stock Performance

The business’s fifty day simple moving average is C$141.53 and its 200-day simple moving average is C$137.59. The firm has a market capitalization of C$809.28 million, a PE ratio of 2.86 and a beta of 0.72.

Economic Investment Trust (TSE:EVT) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$1.20 earnings per share (EPS) for the quarter. Economic Investment Trust had a return on equity of 13.02% and a net margin of 84.85%. The business had revenue of C$123.11 million during the quarter.

Economic Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, June 14th.

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.