Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) to Issue Dividend Increase – $0.10 Per Share

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY – Get Free Report) announced a monthly dividend on Monday, October 19th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.0988 per share on Friday, October 23rd. This represents a $1.19 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, October 19th. This is a 6.1% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.0931.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

Shares of NASDAQ PEY traded down $0.38 during midday trading on Monday, hitting $23.23. 307,618 shares of the stock traded hands, compared to its average volume of 325,370. Invesco High Yield Equity Dividend Achievers ETF has a one year low of $19.58 and a one year high of $25.49. The business has a 50 day moving average price of $24.04 and a two-hundred day moving average price of $23.28. The company has a market cap of $1.08 billion, a PE ratio of 13.11 and a beta of 0.67.

About Invesco High Yield Equity Dividend Achievers ETF

(Get Free Report)

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.

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