Income Financial Trust (TSE:INC.UN) Sets New 1-Year High – Time to Buy?

Shares of Income Financial Trust (TSE:INC.UNGet Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$9.91 and last traded at C$9.85, with a volume of 2394 shares traded. The stock had previously closed at C$9.89.

Income Financial Trust Stock Performance

The stock has a market cap of C$33.08 million, a price-to-earnings ratio of 4.30 and a beta of 1.36. The business’s 50 day moving average is C$9.39 and its 200-day moving average is C$9.01.

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).

Further Reading

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