Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank. It seeks to invest in stocks of dividend paying companies. The fund benchmarks the performance of its portfolio against the S&P/TSX Diversified Banks Total Return Index. Premium Income Corporation was formed on August 27, 1996 and is domiciled in Canada.
Frequently asked questions
What sector does Premium Income Corporation (PIC-A) operate in?
Premium Income Corporation belongs to the Financials sector and operates in the Asset Management industry.
What is Premium Income Corporation (PIC-A) current stock price?
As of the latest data, Premium Income Corporation stock price is CA$11.20, with a previous close of CA$11.02. Premium Income Corporation gained CA$0.18 in the last trading session, representing a 1.63% increase.
What is Premium Income Corporation (PIC-A) current market capitalization?
Premium Income Corporation market cap is approximately 234.67 million.
What is Premium Income Corporation (PIC-A) Earnings Per Share (EPS)?
The trailing EPS is CA$7.00.
What is Premium Income Corporation (PIC-A) Price-to-Earnings (P/E) ratio?
Premium Income Corporation current P/E ratio is 1.6.
What is Premium Income Corporation (PIC-A) EBITDA?
Premium Income Corporation EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is 81.34 million.
Does Premium Income Corporation (PIC-A) pay dividends?
Yes. Premium Income Corporation pays monthly dividends with an annualized yield of 9.64% and an estimated annual payout of CA$1.08 per share.
When is the next ex-dividend date for Premium Income Corporation (PIC-A)?
The next ex-dividend date is scheduled for August 14, 2026.
What is Premium Income Corporation (PIC-A) beta (volatility) score?
Premium Income Corporation has a beta of 1.125, meaning its volatility is roughly in line with the market.
