Powerlaw Corp (PWRL) To Go Ex-Dividend on December 21st

Powerlaw Corp (NASDAQ:PWRL) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Monday, December 21st will be paid a dividend of $0.0812 per share on Wednesday, December 30th. This represents a $0.97 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, December 21st.

Powerlaw Stock Performance

Shares of NASDAQ:PWRL opened at $11.05 on Friday. The firm’s fifty day moving average price is $11.30. Powerlaw has a 12-month low of $9.40 and a 12-month high of $40.00.

Insider Transactions at Powerlaw

In other Powerlaw news, CEO Mike Dinsdale acquired 8,726 shares of Powerlaw stock in a transaction that occurred on Wednesday, September 23rd. The stock was purchased at an average cost of $11.46 per share, with a total value of $99,999.96. Following the purchase, the chief executive officer owned 695,230 shares in the company, valued at approximately $7,967,335.80. The trade was a 1.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Powerlaw

Institutional investors have recently made changes to their positions in the stock. Ieq Capital LLC acquired a new position in Powerlaw in the 2nd quarter valued at approximately $232,000. HighTower Advisors LLC purchased a new stake in shares of Powerlaw during the second quarter worth $431,000. Resolute Advisors LLC acquired a new stake in Powerlaw during the second quarter valued at $869,000. Finally, Bank of America Corp DE purchased a new position in Powerlaw in the second quarter valued at about $1,718,000.

Powerlaw Company Profile

Powerlaw Corp. is a venture capital fund specializing in directly investing. It prefers investing in growth capital and late stage. The fund prefers to invest in private technology companies, technology: artificial intelligence, next-generation software, modern aerospace and defense, and leading consumer technology platforms and enterprise SaaS sectors.