Principal Value ETF (NASDAQ:PY) Plans Dividend Increase – $0.26 Per Share

Principal Value ETF (NASDAQ:PY) declared a quarterly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.263 per share on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a 21.9% increase from Principal Value ETF’s previous quarterly dividend of $0.22.

Principal Value ETF Price Performance

NASDAQ PY traded up $0.16 on Wednesday, hitting $54.06. 46,597 shares of the stock were exchanged, compared to its average volume of 23,241. Principal Value ETF has a 52 week low of $49.21 and a 52 week high of $54.84. The company has a market capitalization of $213.54 million, a PE ratio of 17.40 and a beta of 0.83. The business’s fifty day moving average is $53.82 and its 200 day moving average is $52.99.

Principal Value ETF Company Profile

The Principal Value ETF (PY) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that exhibit higher degrees of shareholder yield. PY was launched on Mar 21, 2016 and is managed by Principal.