Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) Plans Dividend Increase – $0.09 Per Share

Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) declared a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Shareholders of record on Monday, May 18th will be given a dividend of 0.0906 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, May 18th. This is a 10.7% increase from Invesco High Yield Equity Dividend Achievers ETF’s previous monthly dividend of $0.08.

Invesco High Yield Equity Dividend Achievers ETF Stock Performance

PEY traded up $0.23 on Monday, hitting $21.83. The company had a trading volume of 367,627 shares, compared to its average volume of 388,183. The stock has a fifty day moving average price of $21.54 and a 200-day moving average price of $21.19. Invesco High Yield Equity Dividend Achievers ETF has a 12-month low of $19.58 and a 12-month high of $22.57. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.11 and a beta of 0.66.

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.