REX AI Equity Premium Income ETF (NASDAQ:AIPI) Plans Dividend Increase – $0.25 Per Share

REX AI Equity Premium Income ETF (NASDAQ:AIPI) declared a dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.2507 per share on Thursday, September 3rd. This represents a dividend yield of 3,571.0%. The ex-dividend date of this dividend is Wednesday, September 2nd. This is a 3.7% increase from REX AI Equity Premium Income ETF’s previous dividend of $0.24.

REX AI Equity Premium Income ETF Stock Performance

REX AI Equity Premium Income ETF stock traded down $0.47 during midday trading on Wednesday, reaching $36.50. 116,819 shares of the company were exchanged, compared to its average volume of 166,972. The company has a market capitalization of $427.05 million, a price-to-earnings ratio of 41.65 and a beta of 1.09. The firm’s 50-day simple moving average is $36.26 and its 200-day simple moving average is $36.29. REX AI Equity Premium Income ETF has a 1 year low of $32.21 and a 1 year 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.