USCF Dividend Income Fund (NYSEARCA:UDI) Announces Dividend Increase – $0.12 Per Share

USCF Dividend Income Fund (NYSEARCA:UDI) declared a monthly dividend on Tuesday, March 24th. Shareholders of record on Wednesday, March 25th will be given a dividend of 0.1214 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, March 25th. This is a 475.4% increase from USCF Dividend Income Fund’s previous monthly dividend of $0.02.

USCF Dividend Income Fund Stock Performance

USCF Dividend Income Fund stock opened at $33.54 on Wednesday. The company’s 50 day simple moving average is $33.83 and its 200-day simple moving average is $32.29. The company has a market capitalization of $7.71 million, a price-to-earnings ratio of 14.93 and a beta of 0.79. USCF Dividend Income Fund has a 1 year low of $25.68 and a 1 year high of $34.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of USCF Dividend Income Fund by 19.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock valued at $1,883,000 after buying an additional 9,521 shares in the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in USCF Dividend Income Fund during the 4th quarter worth about $231,000. Finally, Kestra Advisory Services LLC purchased a new position in USCF Dividend Income Fund during the 4th quarter valued at about $44,000.

USCF Dividend Income Fund Company Profile

The USCF ESG Dividend Income Fund (UDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in US exchange-traded, dividend-paying companies that meet the funds financial and ESG criteria. UDI was launched on Jun 8, 2022 and is managed by USCF Advisers.