Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Increases Dividend to $0.13 Per Share

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) announced a quarterly dividend on Wednesday, September 30th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.1257 per share on Monday, October 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 44.8% increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868.

Principal U.S. Small-Cap Multi-Factor ETF Price Performance

Shares of PSC stock traded up $0.21 on Thursday, hitting $66.94. The stock had a trading volume of 309,083 shares, compared to its average volume of 148,024. The firm has a market capitalization of $2.70 billion, a P/E ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $53.73 and a 1 year high of $70.90. The company’s 50 day moving average price is $68.73 and its 200-day moving average price is $65.64.

About Principal U.S. Small-Cap Multi-Factor ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.