KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) Announces Dividend Increase – $0.64 Per Share

KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) announced a monthly dividend on Wednesday, January 28th. Stockholders of record on Thursday, January 29th will be given a dividend of 0.6354 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 24.5%. The ex-dividend date of this dividend is Thursday, January 29th. This is a 88.9% increase from KraneShares China Internet and Covered Call Strategy ETF’s previous monthly dividend of $0.34.

KraneShares China Internet and Covered Call Strategy ETF Stock Down 2.2%

KLIP traded down $0.70 during trading hours on Thursday, hitting $31.07. 15,500 shares of the company’s stock were exchanged, compared to its average volume of 38,690. The stock has a market cap of $127.39 million, a price-to-earnings ratio of 16.77 and a beta of 0.36. KraneShares China Internet and Covered Call Strategy ETF has a 1-year low of $27.06 and a 1-year high of $34.31. The stock’s 50-day moving average is $31.06 and its two-hundred day moving average is $32.08.

About KraneShares China Internet and Covered Call Strategy ETF

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio. KLIP was launched on Jan 12, 2023 and is managed by KraneShares.