VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) to Issue Dividend Increase – $0.07 Per Share

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) announced a monthly dividend on Wednesday, April 9th, NASDAQ Dividends reports. Stockholders of record on Thursday, April 10th will be paid a dividend of 0.0685 per share on Friday, April 11th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, April 10th. This is a 233.8% increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of VSMV stock opened at $45.57 on Friday. The business has a fifty day moving average of $48.17 and a 200 day moving average of $48.67. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1 year low of $42.82 and a 1 year high of $50.71. The firm has a market capitalization of $104.81 million, a price-to-earnings ratio of 21.71 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility.