Income Financial Trust (TSE:INC.UN – Get Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as C$9.41 and last traded at C$9.41, with a volume of 3072 shares changing hands. The stock had previously closed at C$9.10.
Income Financial Trust Price Performance
The firm has a market capitalization of C$31.60 million, a P/E ratio of 4.11 and a beta of 1.22. The firm’s fifty day moving average price is C$8.97 and its 200-day moving average price is C$8.59.
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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