Powerlaw Corp to Issue Monthly Dividend of $0.08 (NASDAQ:PWRL)

Powerlaw Corp (NASDAQ:PWRL) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Monday, December 21st will be paid a dividend of 0.0812 per share on Wednesday, December 30th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, December 21st.

Powerlaw Price Performance

NASDAQ PWRL traded up $0.09 during trading hours on Wednesday, hitting $11.41. 159,908 shares of the company’s stock were exchanged, compared to its average volume of 207,898. The firm has a 50-day moving average of $11.37. Powerlaw has a 1-year low of $9.40 and a 1-year high of $40.00.

Institutional Trading of Powerlaw

Several hedge funds have recently modified their holdings of PWRL. HighTower Advisors LLC bought a new position in Powerlaw during the second quarter worth $431,000. Resolute Advisors LLC bought a new position in Powerlaw in the 2nd quarter valued at $869,000. Bank of America Corp DE bought a new position in shares of Powerlaw during the 2nd quarter valued at approximately $1,718,000. Finally, Ieq Capital LLC bought a new position in Powerlaw during the second quarter valued at $232,000.

About Powerlaw

Powerlaw Corp. is a venture capital fund specializing in directly investing. It prefers investing in growth capital and late stage. The fund prefers to invest in private technology companies, technology: artificial intelligence, next-generation software, modern aerospace and defense, and leading consumer technology platforms and enterprise SaaS sectors.