Madison Dividend Value ETF (NYSEARCA:DIVL) to Issue Monthly Dividend of $0.02

Madison Dividend Value ETF (NYSEARCA:DIVL) announced a monthly dividend on Tuesday, February 24th. Investors of record on Wednesday, February 25th will be given a dividend of 0.0202 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a 31.0% increase from Madison Dividend Value ETF’s previous monthly dividend of $0.02.

Madison Dividend Value ETF Stock Performance

Shares of NYSEARCA DIVL traded down $0.15 during midday trading on Wednesday, reaching $25.37. 643 shares of the company’s stock were exchanged, compared to its average volume of 3,977. Madison Dividend Value ETF has a 52-week low of $19.43 and a 52-week high of $25.52. The business’s fifty day moving average price is $24.14 and its two-hundred day moving average price is $23.33. The stock has a market capitalization of $67.23 million, a PE ratio of 21.24 and a beta of 0.70.

Madison Dividend Value ETF Company Profile

The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.