Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Plans Dividend Increase – $0.09 Per Share

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) declared a monthly dividend on Monday, June 23rd, NASDAQ Dividends reports. Investors of record on Monday, June 23rd will be paid a dividend of 0.0864 per share on Friday, June 27th. This represents a $1.04 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Monday, June 23rd. This is a 1.1% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.09.

Invesco High Yield Equity Dividend Achievers ETF Stock Up 0.6%

PEY stock traded up $0.12 during trading on Monday, reaching $20.26. 350,631 shares of the company’s stock were exchanged, compared to its average volume of 193,613. Invesco High Yield Equity Dividend Achievers ETF has a 1-year low of $18.32 and a 1-year high of $23.22. The company’s fifty day moving average price is $20.12 and its 200-day moving average price is $20.95. The firm has a market cap of $1.11 billion, a PE ratio of 13.84 and a beta of 0.87.

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.