Economic Investment Trust (TSE:EVT) Trading 1% Higher

Economic Investment Trust Limited (TSE:EVT) shares were up 1% during trading on Wednesday . The company traded as high as C$141.25 and last traded at C$141.25. Approximately 1,250 shares were traded during trading, an increase of 73% from the average daily volume of 723 shares. The stock had previously closed at C$139.90.

Economic Investment Trust Stock Up 1.0 %

The company has a market cap of C$793.83 million, a price-to-earnings ratio of 2.74 and a beta of 0.71. The company has a fifty day simple moving average of C$142.57 and a two-hundred day simple moving average of C$140.98.

Economic Investment Trust (TSE:EVT) last posted its earnings results on Wednesday, May 1st. The company reported C$1.11 earnings per share for the quarter. The firm had revenue of C$96.57 million during the quarter. Economic Investment Trust had a net margin of 85.30% and a return on equity of 17.97%.

Economic Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a $0.30 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.85%.

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.