Canoe Income Fund (TSE:EIT.UN)

Founded in 2008, Canoe Financial LP established operations with the acquisition of management of the publicly traded $1.2 billion Canoe EIT Income Fund. Canoe now manages approximately $4.6 billion in assets across a diversified range of open end mutual funds, and private energy equity products.

Canoe has expanded from its Calgary head office to across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg, Ottawa and Montreal. Since launching its first mutual funds in February 2011, Canoe has grown its mutual fund assets to more than $2.8 billion, making it one of the fastest growing entities in the Canadian mutual fund industry.

One of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities.

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Stock Chart & Metrics

Ticker: tse:eit.un
Sector: Financial Services
Industry: Asset Management
Market Cap: 1.74B
P/E: 2.68
Dividend Yield: 9.34%
Payout Ratio (TTM): 25.00%

Competitors

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Canoe EIT Income Fund – FAQ

What is the stock ticker for Canoe EIT Income Fund?

The stock ticker for Canoe EIT Income Fund is TSE:eit.un.

Is Canoe EIT Income Fund a good stock to buy?

You need to consider your investment strategy and how TSE:eit.un can fit in your portfolio.

The current dividend income score of 4/10 and dividend growth score of 2/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.