Income Financial Trust (TSE:INC.UN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$10.25 and last traded at C$10.25, with a volume of 857 shares. The stock had previously closed at C$10.24.
Income Financial Trust Price Performance
The stock has a market capitalization of C$32.64 million, a price-to-earnings ratio of 5.26 and a beta of 0.32. The firm has a fifty day moving average of C$9.66 and a 200 day moving average of C$9.49.
About Income Financial Trust
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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