Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) announced a monthly dividend on Wednesday, October 28th. Stockholders of record on Thursday, October 29th will be given a dividend of $0.1137 per share on Friday, October 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 29th. This is a 39.1% decrease from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1868.
Cullen Enhanced Equity Income ETF Stock Performance
Shares of DIVP stock opened at $27.31 on Thursday. The company has a market capitalization of $62.27 million, a price-to-earnings ratio of 14.21 and a beta of 0.33. The company has a 50-day simple moving average of $27.04 and a 200 day simple moving average of $26.81. Cullen Enhanced Equity Income ETF has a 52 week low of $24.11 and a 52 week high of $28.12.
Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF
A hedge fund recently raised its position in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC raised its position in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 109.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,978 shares of the company’s stock after acquiring an additional 19,283 shares during the period. Farther Finance Advisors LLC owned approximately 1.59% of Cullen Enhanced Equity Income ETF worth $962,000 at the end of the most recent quarter.
About Cullen Enhanced Equity Income ETF
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.
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