ALPS Active REIT ETF (NASDAQ:REIT) Announces Quarterly Dividend of $0.27

ALPS Active REIT ETF (NASDAQ:REIT) declared a quarterly dividend on Wednesday, September 16th. Stockholders of record on Thursday, September 17th will be paid a dividend of 0.2724 per share on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 17th. This is a 29.1% increase from ALPS Active REIT ETF’s previous quarterly dividend of $0.21.

ALPS Active REIT ETF Stock Down 0.6%

REIT stock opened at $29.28 on Thursday. The company has a market cap of $58.53 million, a PE ratio of 35.67 and a beta of 0.93. ALPS Active REIT ETF has a twelve month low of $25.90 and a twelve month high of $32.16. The business’s 50-day simple moving average is $30.64 and its 200 day simple moving average is $29.77.

About ALPS Active REIT ETF

The ALPS Active REIT ETF (REIT) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed ETF that provides exposure to publicly traded equity securities of US REITs. REIT was launched on Feb 25, 2021 and is issued by SS&C.