Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Raises Dividend to $0.13 Per Share

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) declared a monthly dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be paid a dividend of 0.1349 per share on Wednesday, January 7th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, December 30th. This is a 49.9% increase from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.09.

Cullen Enhanced Equity Income ETF Trading Down 0.4%

Shares of NYSEARCA DIVP traded down $0.10 during trading on Tuesday, reaching $25.55. 1,990 shares of the company traded hands, compared to its average volume of 7,768. The stock has a market cap of $36.27 million, a P/E ratio of 14.21 and a beta of 0.38. The firm’s fifty day simple moving average is $25.03 and its 200 day simple moving average is $25.27. Cullen Enhanced Equity Income ETF has a 12-month low of $22.79 and a 12-month high of $26.82.

Cullen Enhanced Equity Income ETF Company Profile

The Cullen Enhanced Equity Income ETF (DIVP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in large- and mid-cap US stocks with high-dividend value characteristics, while also employing covered call strategy for additional income. DIVP was launched on Mar 6, 2024 and is issued by Cullen.