Putnam ESG High Yield ETF (NYSEARCA:PHYD) Increases Dividend to $0.28 Per Share

Putnam ESG High Yield ETF (NYSEARCA:PHYD) announced a monthly dividend on Wednesday, October 22nd. Shareholders of record on Thursday, October 23rd will be given a dividend of 0.2828 per share on Monday, October 27th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Thursday, October 23rd. This is a 16.4% increase from Putnam ESG High Yield ETF’s previous monthly dividend of $0.24.

Putnam ESG High Yield ETF Trading Down 0.2%

Putnam ESG High Yield ETF stock opened at $52.43 on Thursday. Putnam ESG High Yield ETF has a 12 month low of $48.79 and a 12 month high of $52.64. The stock’s 50 day simple moving average is $52.21 and its two-hundred day simple moving average is $51.64. The firm has a market cap of $219.16 million, a PE ratio of 4.98 and a beta of 0.42.

About Putnam ESG High Yield ETF

The Putnam ESG High Yield ETF (PHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in long- and intermediate-term US high-yield corporate bonds that meet certain environmental, social and governance criteria on a sector-specific basis. PHYD was launched on Jan 19, 2023 and is managed by Putnam.