Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Plans Dividend Increase – $0.11 Per Share

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) announced a quarterly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.1078 per share on Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, April 1st. This is a 32.9% increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

Principal U.S. Small-Cap Multi-Factor ETF Price Performance

Shares of NASDAQ:PSC traded up $0.40 during midday trading on Wednesday, reaching $57.72. The company had a trading volume of 347,272 shares, compared to its average volume of 194,575. The stock has a market capitalization of $1.64 billion, a P/E ratio of 17.29 and a beta of 1.07. The stock’s fifty day moving average price is $59.32 and its 200-day moving average price is $58.22. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $42.36 and a one year high of $62.17.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.