Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) to Issue Dividend Increase – $0.47 Per Share

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Wednesday, January 28th will be given a dividend of 0.4706 per share on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, January 28th. This is a 12.1% increase from Overlay Shares Large Cap Equity ETF’s previous quarterly dividend of $0.42.

Overlay Shares Large Cap Equity ETF Stock Down 0.8%

NYSEARCA:OVL traded down $0.44 during trading hours on Wednesday, hitting $54.08. 926 shares of the stock traded hands, compared to its average volume of 21,927. The company has a market cap of $182.79 million, a price-to-earnings ratio of 24.33 and a beta of 1.15. Overlay Shares Large Cap Equity ETF has a 1 year low of $37.58 and a 1 year high of $54.61. The stock has a 50 day moving average price of $53.51 and a 200 day moving average price of $51.99.

About Overlay Shares Large Cap Equity ETF

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.