Cambria Value and Momentum ETF (BATS:VAMO) Plans Dividend Increase – $0.08 Per Share

Cambria Value and Momentum ETF (BATS:VAMO) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Friday, September 18th will be given a dividend of 0.0768 per share on Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, September 18th. This is a 67.5% increase from Cambria Value and Momentum ETF’s previous quarterly dividend of $0.05.

Cambria Value and Momentum ETF Price Performance

Shares of VAMO stock traded down $0.44 during midday trading on Friday, hitting $36.15. The company had a trading volume of 265 shares, compared to its average volume of 22,671. The stock has a market cap of $65.07 million, a price-to-earnings ratio of 13.51 and a beta of 0.33. The company’s 50 day simple moving average is $36.70 and its 200 day simple moving average is $35.78. Cambria Value and Momentum ETF has a 52-week low of $30.04 and a 52-week high of $37.54.

Cambria Value and Momentum ETF Company Profile

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.