Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Plans Dividend Increase – $0.20 Per Share

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) announced a dividend on Thursday, March 27th, NASDAQ Dividends reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.1997 per share on Monday, March 31st. The ex-dividend date is Friday, March 28th. This is a 127.7% increase from Cullen Enhanced Equity Income ETF’s previous dividend of $0.09.

Cullen Enhanced Equity Income ETF Stock Down 1.2 %

DIVP stock traded down $0.32 on Friday, reaching $25.79. 4,201 shares of the company’s stock were exchanged, compared to its average volume of 2,845. Cullen Enhanced Equity Income ETF has a twelve month low of $24.76 and a twelve month high of $27.15. The stock has a fifty day moving average of $25.89 and a 200-day moving average of $26.16. The firm has a market cap of $17.41 million, a PE ratio of 17.56 and a beta of 0.44.

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.