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

Economic Investment Trust Limited (TSE:EVT) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Monday, December 16th will be paid a dividend of 0.30 per share on Tuesday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Monday, December 16th.

Economic Investment Trust Stock Performance

Shares of EVT opened at C$170.00 on Thursday. The company has a market cap of C$955.40 million, a price-to-earnings ratio of 3.30 and a beta of 0.75. Economic Investment Trust has a 1-year low of C$131.40 and a 1-year high of C$170.00. The company’s fifty day simple moving average is C$164.44 and its 200 day simple moving average is C$152.11.

Insider Buying and Selling

In other news, insider Economic Investment Trust Limited bought 200 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$159.58 per share, for a total transaction of C$31,915.00. Following the completion of the acquisition, the insider now owns 200 shares in the company, valued at approximately C$31,915. 79.70% of the stock is owned by corporate insiders.

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.