Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Raises Dividend to $0.26 Per Share

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Shareholders of record on Monday, March 23rd will be given a dividend of 0.2594 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend 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 Trading Up 0.8%

Shares of NASDAQ:PUI traded up $0.35 on Monday, hitting $46.14. 25,819 shares of the company were exchanged, compared to its average volume of 7,186. Invesco Dorsey Wright Utilities Momentum ETF has a 1-year low of $36.90 and a 1-year high of $49.30. The stock’s 50 day moving average price is $46.26 and its 200 day moving average price is $45.68. The firm has a market capitalization of $50.75 million, a P/E 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.