Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Announces Dividend Increase – $0.26 Per Share

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Shareholders of record on Monday, March 23rd will be paid a dividend of 0.2594 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, March 23rd. This is a 3.6% increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Invesco Dorsey Wright Utilities Momentum ETF stock traded up $0.35 during midday trading on Monday, hitting $46.14. 25,819 shares of the company’s stock were exchanged, compared to its average volume of 7,186. The firm has a 50-day moving average of $46.26 and a two-hundred day moving average of $45.68. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $36.90 and a 12 month high of $49.30. The company has a market cap of $50.75 million, a PE ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.