Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Declares Dividend Increase – $0.19 Per Share

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) declared a monthly dividend on Monday, September 28th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.1868 per share on Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 8.5%. The ex-dividend date is Tuesday, September 29th. This is a 73.1% increase from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079.

Cullen Enhanced Equity Income ETF Stock Performance

DIVP opened at $26.48 on Tuesday. The company has a market cap of $60.37 million, a PE ratio of 14.21 and a beta of 0.31. The stock has a 50-day moving average of $27.46 and a 200-day moving average of $26.88. Cullen Enhanced Equity Income ETF has a 52-week low of $24.11 and a 52-week high of $28.12.

About Cullen Enhanced Equity Income ETF

The Cullen Enhanced Equity Income ETF (DIVP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in large- and mid-cap US stocks with high-dividend value characteristics, while also employing covered call strategy for additional income. DIVP was launched on Mar 6, 2024 and is issued by Cullen.