Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) to Issue Monthly Dividend of $0.13

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) declared a monthly dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.1349 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, December 30th. This is a 49.9% increase from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.09.

Cullen Enhanced Equity Income ETF Stock Performance

Cullen Enhanced Equity Income ETF stock traded down $0.10 during trading on Tuesday, reaching $25.55. 1,990 shares of the company’s stock were exchanged, compared to its average volume of 7,768. Cullen Enhanced Equity Income ETF has a 52-week low of $22.79 and a 52-week high of $26.82. The firm has a market cap of $36.27 million, a price-to-earnings ratio of 14.21 and a beta of 0.38. The company’s 50-day moving average is $25.03 and its two-hundred day moving average is $25.27.

Cullen Enhanced Equity Income ETF Company Profile

The Cullen Enhanced Equity Income ETF (DIVP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in large- and mid-cap US stocks with high-dividend value characteristics, while also employing covered call strategy for additional income. DIVP was launched on Mar 6, 2024 and is issued by Cullen.