Invesco Dividend Achievers ETF (NASDAQ:PFM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.90 and last traded at $55.68, with a volume of 807 shares traded. The stock had previously closed at $55.22.
Invesco Dividend Achievers ETF Price Performance
The company has a market capitalization of $789.16 million, a PE ratio of 23.20 and a beta of 0.78. The stock’s 50 day simple moving average is $53.99 and its 200-day simple moving average is $52.94.
Invesco Dividend Achievers ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.1949 per share. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco Dividend Achievers ETF’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.4%.
Institutional Trading of Invesco Dividend Achievers ETF
About Invesco Dividend Achievers ETF
PowerShares Dividend Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Broad Dividend Achievers Index (the Index). The Index is designed to identify a diversified group of dividend paying companies. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index.
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