Canoe EITome Fund (TSX:EIT.PR.B.PFD) 5-Year Share Buyback Ratio : -9.90% (As of Dec. 2024)

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What is Canoe EITome Fund 5-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

5-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past five years. It is calculated as the annualized percentage change in shares outstanding from five years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Canoe EITome Fund's current 5-Year Share Buyback Ratio was -9.90%.

TSX:EIT.PR.B.PFD's 5-Year Share Buyback Ratio is not ranked
in the Asset Management industry.
Industry Median: -1.3 vs TSX:EIT.PR.B.PFD: -9.90

Competitive Comparison of Canoe EITome Fund's 5-Year Share Buyback Ratio

For the Asset Management subindustry, Canoe EITome Fund's 5-Year Share Buyback Ratio, along with its competitors' market caps and 5-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canoe EITome Fund's 5-Year Share Buyback Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canoe EITome Fund's 5-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Canoe EITome Fund's 5-Year Share Buyback Ratio falls into.

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Canoe EITome Fund 5-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from five years ago to the current year. The annualized percentage change is calculated with least-square regression based on the latest six years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Canoe EITome Fund (TSX:EIT.PR.B.PFD) 5-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Canoe EITome Fund 5-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Canoe EITome Fund's 5-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Canoe EITome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canoe EIT Income Fund (TSX:EIT.PR.B.PFD) » Definitions » 5-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

EIT.PR.A.PFD:Canada

Address

421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9

Website

https://www.canoefinancial.com

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio of high quality securities. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

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