VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Raises Dividend to $0.09 Per Share

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) declared a monthly dividend on Tuesday, September 10th, NASDAQ reports. Stockholders of record on Wednesday, September 11th will be paid a dividend of 0.0943 per share on Thursday, September 12th. This represents a $1.13 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, September 11th. This is a boost from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

VSMV traded down $0.12 on Wednesday, hitting $47.27. The company had a trading volume of 2,988 shares, compared to its average volume of 9,589. The stock has a fifty day moving average price of $46.87 and a 200-day moving average price of $45.33. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12-month low of $38.44 and a 12-month high of $48.26. The stock has a market capitalization of $137.08 million, a price-to-earnings ratio of 18.68 and a beta of 0.79.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility.