Invesco Water Resources ETF (NASDAQ:PHO) Declares Dividend Increase – $0.10 Per Share

Invesco Water Resources ETF (NASDAQ:PHO) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be paid a dividend of 0.1046 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, March 23rd. This is a 25.6% increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ:PHO traded up $0.91 during trading hours on Monday, hitting $66.76. 64,946 shares of the company’s stock traded hands, compared to its average volume of 68,235. The firm has a market capitalization of $1.98 billion, a P/E ratio of 25.38 and a beta of 1.02. The business has a fifty day moving average price of $71.86 and a 200-day moving average price of $71.93. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $74.93.

Invesco Water Resources ETF Company Profile

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.