Akros Monthly Payout ETF (NYSEARCA:MPAY) Declares Dividend Increase – $0.15 Per Share

Akros Monthly Payout ETF (NYSEARCA:MPAY) declared a dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Friday, August 2nd will be given a dividend of 0.1457 per share on Monday, August 5th. The ex-dividend date is Friday, August 2nd. This is an increase from Akros Monthly Payout ETF’s previous dividend of $0.13.

Akros Monthly Payout ETF Stock Performance

Shares of Akros Monthly Payout ETF stock traded down $0.36 on Friday, reaching $24.16. 170 shares of the stock were exchanged, compared to its average volume of 696. Akros Monthly Payout ETF has a one year low of $20.91 and a one year high of $26.10. The firm has a market cap of $1.93 million, a PE ratio of 32.50 and a beta of 0.71. The firm’s 50 day moving average is $25.04 and its 200-day moving average is $24.13.

About Akros Monthly Payout ETF

The Akros Monthly Payout ETF (MPAY) is an exchange-traded fund that is based on the Akros Multi-Asset index. The fund is a passively managed, fund-of-funds representing a balanced portfolio of global equities, fixed income securities, and alternative investments which aims to provide monthly distributions.