REX AI Equity Premium Income ETF (NASDAQ:AIPI) to Issue Monthly Dividend of $1.05

REX AI Equity Premium Income ETF (NASDAQ:AIPI) declared a monthly dividend on Tuesday, April 21st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 22nd will be given a dividend of 1.0518 per share on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 35.4%. The ex-dividend date is Wednesday, April 22nd. This is a 2.8% increase from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.02.

REX AI Equity Premium Income ETF Price Performance

AIPI stock traded down $0.61 during mid-day trading on Wednesday, reaching $35.64. The company had a trading volume of 118,842 shares, compared to its average volume of 166,199. The stock has a 50 day simple moving average of $35.45 and a two-hundred day simple moving average of $39.14. The company has a market capitalization of $380.64 million, a price-to-earnings ratio of 41.65 and a beta of 1.04. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08.

REX AI Equity Premium Income ETF Company Profile

The REX AI Equity Premium Income ETF (AIPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in leading Artificial Intelligence (AI) companies selected from the holdings of the BITA AI Leaders Select Index. The fund seeks to generate income by writing covered call options on its holdings, aiming for capital growth and current income, while maintaining the flexibility to adapt based on market conditions AIPI was launched on Jun 4, 2024 and is issued by REX Shares.