Income Financial Trust (TSE:INC.UN – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$9.41 and last traded at C$9.41, with a volume of 9716 shares traded. The stock had previously closed at C$9.13.
Income Financial Trust Stock Up 3.1%
The stock has a market capitalization of C$31.60 million, a price-to-earnings ratio of 6.67 and a beta of 1.19. The company’s 50-day moving average is C$8.89 and its 200-day moving average is C$8.54.
Income Financial Trust Company Profile
To generate additional returns above the dividend and interest income earned on the Portfolio, Income Financial writes covered calls on all or part of the securities held in the Portfolio. The net proceeds from this offering will be used by Income Financial to invest in a diversified portfolio (the Portfolio) consisting principally of common shares issued by corporations whose shares are included in The Toronto Stock Exchange Financial Services Index (the TSE Financial Services Index), the Standard Poors Financials Index (the SP Financials Index) or the Standard Poors MidCap Financials Index (the SP MidCap Financials Index).
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