Akros Monthly Payout ETF (NYSEARCA:MPAY) Raises Dividend to $0.15 Per Share

Akros Monthly Payout ETF (NYSEARCA:MPAY) declared a dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.1516 per share on Wednesday, December 4th. The ex-dividend date is Tuesday, December 3rd. This is an increase from Akros Monthly Payout ETF’s previous dividend of $0.15.

Akros Monthly Payout ETF Stock Down 0.3 %

Shares of NYSEARCA MPAY traded down $0.07 during midday trading on Tuesday, reaching $25.96. 915 shares of the company’s stock traded hands, compared to its average volume of 724. The stock’s 50 day simple moving average is $25.74 and its 200-day simple moving average is $25.27. Akros Monthly Payout ETF has a one year low of $22.15 and a one year high of $26.10. The company has a market cap of $2.08 million, a price-to-earnings ratio of 32.50 and a beta of 0.71.

About Akros Monthly Payout ETF

The Akros Monthly Payout ETF (MPAY) is an exchange-traded fund that is based on the Akros Multi-Asset index. The fund is a passively managed, fund-of-funds representing a balanced portfolio of global equities, fixed income securities, and alternative investments which aims to provide monthly distributions.