Madison Dividend Value ETF (NYSEARCA:DIVL) Increases Dividend to $0.02 Per Share

Madison Dividend Value ETF (NYSEARCA:DIVL) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, February 25th will be paid a dividend of 0.0202 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a 31.0% increase from Madison Dividend Value ETF’s previous monthly dividend of $0.02.

Madison Dividend Value ETF Stock Down 0.6%

Shares of NYSEARCA DIVL traded down $0.15 during mid-day trading on Wednesday, hitting $25.37. 643 shares of the company traded hands, compared to its average volume of 3,977. Madison Dividend Value ETF has a 1 year low of $19.43 and a 1 year high of $25.52. The business has a 50 day moving average of $24.14 and a two-hundred day moving average of $23.33. The stock has a market capitalization of $67.23 million, a price-to-earnings ratio of 21.24 and a beta of 0.70.

Institutional Investors Weigh In On Madison Dividend Value ETF

A hedge fund recently raised its stake in Madison Dividend Value ETF stock. Citadel Advisors LLC raised its stake in Madison Dividend Value ETF (NYSEARCA:DIVL) by 55.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,747 shares of the company’s stock after acquiring an additional 8,492 shares during the period. Citadel Advisors LLC owned about 0.90% of Madison Dividend Value ETF worth $553,000 as of its most recent SEC filing.

About Madison Dividend Value ETF

The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.