Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Plans $0.07 Monthly Dividend

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) announced a monthly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be paid a dividend of 0.0711 per share on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, March 23rd.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

PEY traded up $0.27 on Monday, reaching $20.87. The company had a trading volume of 1,851,476 shares, compared to its average volume of 331,769. The stock has a market cap of $1.02 billion, a P/E ratio of 13.11 and a beta of 0.74. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $18.32 and a fifty-two week high of $22.45. The company’s fifty day moving average is $21.55 and its 200 day moving average is $21.02.

About Invesco High Yield Equity Dividend Achievers ETF

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.