Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Announces Dividend Increase – $0.08 Per Share

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) declared a monthly dividend on Monday, April 20th, NASDAQ Dividends reports. Shareholders of record on Monday, April 20th will be paid a dividend of 0.0818 per share on Friday, April 24th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, April 20th. This is a 15.0% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.07.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.7%

Shares of PEY stock traded up $0.15 during trading hours on Monday, reaching $22.16. 204,287 shares of the company’s stock were exchanged, compared to its average volume of 434,357. The business has a fifty day moving average price of $21.50 and a 200-day moving average price of $21.06. The stock has a market capitalization of $1.04 billion, a P/E ratio of 13.11 and a beta of 0.67. Invesco High Yield Equity Dividend Achievers ETF has a fifty-two week low of $19.05 and a fifty-two week high of $22.45.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.