Invesco Dividend Achievers ETF (NASDAQ:PFM) Declares Dividend Increase – $0.19 Per Share

Invesco Dividend Achievers ETF (NASDAQ:PFM) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Monday, March 23rd will be given a dividend of 0.1949 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd. This is a 5.4% increase from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18.

Invesco Dividend Achievers ETF Trading Up 0.6%

PFM opened at $50.85 on Tuesday. Invesco Dividend Achievers ETF has a twelve month low of $40.01 and a twelve month high of $54.34. The firm has a market cap of $734.27 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. The company has a fifty day simple moving average of $52.94 and a 200 day simple moving average of $51.79.

About Invesco Dividend Achievers ETF

PowerShares Dividend Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Broad Dividend Achievers Index (the Index). The Index is designed to identify a diversified group of dividend paying companies. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.