VanEck Pharmaceutical ETF (NASDAQ:PPH) Shareholders to Collect $0.36 Quarterly Dividend

VanEck Pharmaceutical ETF (NASDAQ:PPH) announced a quarterly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be paid a dividend of $0.36 per share on Tuesday, October 6th. This represents a $1.44 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 1st. This is a 42.4% decrease from VanEck Pharmaceutical ETF’s previous quarterly dividend of $0.6248.

VanEck Pharmaceutical ETF Trading Down 1.5%

Shares of VanEck Pharmaceutical ETF stock opened at $109.47 on Thursday. VanEck Pharmaceutical ETF has a 1 year low of $90.60 and a 1 year high of $118.00. The stock has a 50-day moving average price of $112.19 and a 200 day moving average price of $107.16. The company has a market cap of $1.03 billion, a P/E ratio of 20.21 and a beta of 0.46.

VanEck Pharmaceutical ETF Company Profile

The VanEck Pharmaceutical ETF (PPH) is an exchange-traded fund that is based on the MVIS US Listed Pharmaceutical 25 index, a market-cap-weighted index of 25 of the largest global pharmaceutical firms. PPH was launched on Feb 1, 2000 and is managed by VanEck.