Invesco QQQ (NASDAQ:QQQ) Increases Dividend to $0.81 Per Share

Invesco QQQ (NASDAQ:QQQ) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.8135 per share by the exchange traded fund on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 22nd. This is a 11.0% increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ Stock Up 2.5%

QQQ stock opened at $740.62 on Friday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The company has a fifty day simple moving average of $692.71 and a 200 day simple moving average of $638.77.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.