Putnam BDC Income ETF (NYSEARCA:PBDC) Announces Dividend Increase – $0.83 Per Share

Putnam BDC Income ETF (NYSEARCA:PBDC) declared a quarterly dividend on Thursday, December 18th. Investors of record on Friday, December 19th will be paid a dividend of 0.8251 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Friday, December 19th. This is a 0.6% increase from Putnam BDC Income ETF’s previous quarterly dividend of $0.82.

Putnam BDC Income ETF Stock Performance

Shares of NYSEARCA PBDC traded down $0.86 during mid-day trading on Friday, reaching $30.39. 19,165 shares of the company’s stock were exchanged, compared to its average volume of 82,172. The company’s 50-day moving average is $30.73 and its 200-day moving average is $32.44. The firm has a market capitalization of $243.12 million, a price-to-earnings ratio of 10.61 and a beta of 0.58. Putnam BDC Income ETF has a 52-week low of $27.85 and a 52-week high of $36.86.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Stonebridge Financial Planning Group LLC boosted its position in shares of Putnam BDC Income ETF by 1.0% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 88,299 shares of the company’s stock valued at $2,806,000 after purchasing an additional 854 shares during the period. Kestra Private Wealth Services LLC lifted its stake in Putnam BDC Income ETF by 5.9% in the third quarter. Kestra Private Wealth Services LLC now owns 10,758 shares of the company’s stock valued at $342,000 after buying an additional 595 shares during the last quarter. Prosperity Financial Group Inc. boosted its holdings in shares of Putnam BDC Income ETF by 13.4% in the third quarter. Prosperity Financial Group Inc. now owns 55,012 shares of the company’s stock valued at $1,748,000 after acquiring an additional 6,482 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of Putnam BDC Income ETF by 0.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 58,199 shares of the company’s stock worth $1,850,000 after acquiring an additional 503 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Putnam BDC Income ETF by 643.0% in the 3rd quarter. UBS Group AG now owns 17,751 shares of the company’s stock valued at $564,000 after acquiring an additional 15,362 shares during the period.

Putnam BDC Income ETF Company Profile

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies.