Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Shareholders Set to Receive $0.49 Quarterly Dividend

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) announced a quarterly dividend on Wednesday, October 7th. Stockholders of record on Thursday, October 8th will be paid a dividend of $0.4944 per share on Friday, October 9th. This represents a $1.98 annualized dividend and a dividend yield of 14.9%. The ex-dividend date of this dividend is Thursday, October 8th. This is a 4.2% decrease from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5162.

Kingsbarn Dividend Opportunity ETF Stock Down 1.6%

DVDN stock opened at $13.29 on Thursday. Kingsbarn Dividend Opportunity ETF has a 52 week low of $13.21 and a 52 week high of $21.39. The firm has a 50-day simple moving average of $15.00 and a 200-day simple moving average of $16.04. The stock has a market capitalization of $2.26 million, a P/E ratio of 13.40 and a beta of 0.66.

Kingsbarn Dividend Opportunity ETF Company Profile

The Kingsbarn Dividend Opportunity ETF (DVDN) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed, narrow portfolio of publicly traded equities issued by residential and commercial mortgage REITs or business development companies. The funds objective is to provide quarterly dividends and long-term capital appreciation. DVDN was launched on Nov 2, 2023 and is issued by Kingsbarn.