Principal Value ETF (NASDAQ:PY) Raises Dividend to $0.26 Per Share

Principal Value ETF (NASDAQ:PY) declared a quarterly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.263 per share on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, July 1st. This is a 21.9% increase from Principal Value ETF’s previous quarterly dividend of $0.22.

Principal Value ETF Price Performance

Shares of NASDAQ:PY traded up $0.16 during midday trading on Wednesday, hitting $54.06. 46,597 shares of the company’s stock were exchanged, compared to its average volume of 23,241. Principal Value ETF has a 12 month low of $49.21 and a 12 month high of $54.84. The company has a market cap of $213.54 million, a PE ratio of 17.40 and a beta of 0.83. The stock has a 50 day moving average price of $53.82 and a 200-day moving average price of $52.99.

Principal Value ETF Company Profile

The Principal Value ETF (PY) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that exhibit higher degrees of shareholder yield. PY was launched on Mar 21, 2016 and is managed by Principal.