Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Raises Dividend to $0.10 Per Share

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) announced a monthly dividend on Monday, October 19th. Stockholders of record on Monday, October 19th will be paid a dividend of $0.0988 per share on Friday, October 23rd. This represents a $1.19 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, October 19th. This is a 6.1% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.0931.

Invesco High Yield Equity Dividend Achievers ETF Price Performance

Shares of PEY stock traded down $0.38 during trading hours on Monday, reaching $23.23. The company had a trading volume of 307,618 shares, compared to its average volume of 325,370. Invesco High Yield Equity Dividend Achievers ETF has a 12 month low of $19.58 and a 12 month high of $25.49. The business has a fifty day simple moving average of $24.04 and a 200-day simple moving average of $23.28. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.67.

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.