GraniteShares HIPS US High Income ETF Declares Monthly Dividend of $0.11 (NYSEARCA:HIPS)

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) declared a monthly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, January 28th will be paid a dividend of 0.1075 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, January 28th.

GraniteShares HIPS US High Income ETF Stock Performance

Shares of GraniteShares HIPS US High Income ETF stock traded down $0.09 during trading on Wednesday, reaching $12.15. 19,275 shares of the company’s stock were exchanged, compared to its average volume of 104,093. GraniteShares HIPS US High Income ETF has a 1-year low of $10.87 and a 1-year high of $13.38. The company has a market cap of $100.85 million, a P/E ratio of 11.61 and a beta of 0.78. The firm’s 50-day moving average price is $11.89 and its 200 day moving average price is $11.95.

GraniteShares HIPS US High Income ETF Company Profile

The GraniteShares HIPS US High Income ETF (HIPS) is an exchange-traded fund that is based on the TFMS HIPS index. The fund tracks an index of assets that tend to produce high income and pass through that income without being taxed at the constituent level. These include REITs, MLPs, BDCs and debt-based closed-end funds. HIPS was launched on Jan 6, 2015 and is managed by GraniteShares.