Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Announces $0.16 Monthly Dividend

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) announced a monthly dividend on Thursday, January 29th. Investors of record on Friday, January 30th will be given a dividend of 0.1611 per share on Thursday, February 5th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, January 30th.

Parametric Equity Premium Income ETF Stock Down 0.6%

Parametric Equity Premium Income ETF stock traded down $0.17 during mid-day trading on Friday, hitting $26.98. The company had a trading volume of 28,320 shares, compared to its average volume of 64,189. Parametric Equity Premium Income ETF has a 1 year low of $23.32 and a 1 year high of $27.53. The business has a fifty day moving average of $26.32 and a 200 day moving average of $25.97. The stock has a market cap of $292.69 million, a price-to-earnings ratio of 15.71 and a beta of 0.43.

About Parametric Equity Premium Income ETF

The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in a broad equity portfolio of US dividend payers, while utilizing a laddered, naked call writing strategy on the S&P 500. The fund seeks to provide monthly income and capital appreciation. PAPI was launched on Oct 16, 2023 and is issued by Parametric.