Income Financial Trust (TSE:INC.UN) Hits New 12-Month High – Should You Buy?

Shares of Income Financial Trust (TSE:INC.UNGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$9.84 and last traded at C$9.84, with a volume of 903 shares changing hands. The stock had previously closed at C$9.83.

Income Financial Trust Stock Up 0.2%

The firm has a market capitalization of C$33.08 million, a PE ratio of 4.30 and a beta of 1.36. The business’s fifty day moving average price is C$9.31 and its 200 day moving average price is C$8.95.

Income Financial Trust Company Profile

(Get Free Report)

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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