Putnam BDC Income ETF (NYSEARCA:PBDC – Get Free Report)’s share price shot up 1.6% during mid-day trading on Friday . The company traded as high as $28.84 and last traded at $28.72. 94,430 shares traded hands during trading, a decline of 9% from the average session volume of 104,033 shares. The stock had previously closed at $28.26.
Putnam BDC Income ETF Trading Up 1.6%
The stock has a market capitalization of $240.67 million, a P/E ratio of 10.61 and a beta of 0.58. The firm’s fifty day moving average is $30.73 and its 200-day moving average is $31.60.
Putnam BDC Income ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th were paid a $0.8251 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 11.5%. This is an increase from Putnam BDC Income ETF’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, December 19th.
Institutional Investors Weigh In On Putnam BDC Income ETF
About Putnam BDC Income ETF
The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies. PBDC was launched on Sep 29, 2022 and is managed by Putnam.
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