Invesco High Yield Equity Dividend Achievers ETF (PEY) to Issue Monthly Dividend of $0.09 on May 22nd

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) announced a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Stockholders of record on Monday, May 18th will be paid a dividend of 0.0906 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, May 18th. This is a 10.7% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08.

Invesco High Yield Equity Dividend Achievers ETF Stock Down 0.3%

Shares of PEY opened at $21.77 on Wednesday. Invesco High Yield Equity Dividend Achievers ETF has a 52 week low of $19.58 and a 52 week high of $22.57. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66. The stock’s 50-day moving average price is $21.56 and its 200-day moving average price is $21.20.

Invesco High Yield Equity Dividend Achievers ETF Company Profile

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Funds sector allocation includes consumers discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunication services.