Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Plans Dividend Increase – $0.25 Per Share

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) announced a quarterly dividend on Monday, December 22nd. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.2504 per share on Friday, December 26th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, December 22nd. This is a 15.8% increase from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Utilities Momentum ETF stock traded up $0.04 during trading on Monday, reaching $43.72. 6,644 shares of the company traded hands, compared to its average volume of 13,642. The firm has a market capitalization of $49.84 million, a PE ratio of 20.63 and a beta of 0.66. The company has a 50 day moving average price of $45.90 and a 200-day moving average price of $44.34. Invesco Dorsey Wright Utilities Momentum ETF has a 1-year low of $36.90 and a 1-year high of $49.30.

About Invesco Dorsey Wright Utilities Momentum ETF

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.