Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Plans Dividend Increase – $1.04 Per Share

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) announced a quarterly dividend on Tuesday, January 14th. Shareholders of record on Monday, December 22nd will be paid a dividend of 1.04 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, December 22nd. This is a 499.5% increase from Invesco S&P International Developed Momentum ETF’s previous quarterly dividend of $0.17.

Invesco S&P International Developed Momentum ETF Trading Up 0.9%

Shares of NYSEARCA:IDMO opened at $56.72 on Friday. Invesco S&P International Developed Momentum ETF has a 1-year low of $38.35 and a 1-year high of $56.91. The firm has a market capitalization of $2.18 billion, a PE ratio of 18.41 and a beta of 0.80. The business’s 50 day moving average is $54.21 and its 200-day moving average is $52.76.

About Invesco S&P International Developed Momentum ETF

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.