SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) to Issue Dividend Increase – $0.03 Per Share

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) announced a monthly dividend on Thursday, January 22nd. Stockholders of record on Friday, January 23rd will be given a dividend of 0.026 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, January 23rd. This is a 31.9% increase from SP Funds S&P 500 Sharia Industry Exclusions ETF’s previous monthly dividend of $0.02.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

Shares of SPUS opened at $51.28 on Friday. The firm has a market capitalization of $1.95 billion, a PE ratio of 30.44 and a beta of 1.04. SP Funds S&P 500 Sharia Industry Exclusions ETF has a 1-year low of $33.32 and a 1-year high of $52.35. The company’s fifty day moving average price is $51.09 and its 200-day moving average price is $49.12.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.