Economic Investment Trust (TSE:EVT) Shares Up 2.4%

Economic Investment Trust Limited (TSE:EVT)’s share price shot up 2.4% on Friday . The company traded as high as C$162.90 and last traded at C$162.90. 403 shares were traded during trading, a decline of 41% from the average session volume of 682 shares. The stock had previously closed at C$159.15.

Economic Investment Trust Trading Up 2.4 %

The business’s fifty day moving average is C$158.77 and its 200 day moving average is C$147.92. The company has a market cap of C$915.50 million, a P/E ratio of 3.17 and a beta of 0.76.

Economic Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.74%.

About Economic Investment Trust

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.