Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Announces Dividend Increase – $0.26 Per Share

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) declared a quarterly dividend on Friday, June 19th. Shareholders of record on Monday, June 22nd will be given a dividend of 0.2616 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 22nd. This is a 64.6% increase from Invesco Dorsey Wright Financial Momentum ETF’s previous quarterly dividend of $0.16.

Invesco Dorsey Wright Financial Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Financial Momentum ETF stock traded down $0.00 on Friday, reaching $60.60. 1,060 shares of the company traded hands, compared to its average volume of 5,521. The company has a 50 day moving average of $58.45 and a 200 day moving average of $57.31. Invesco Dorsey Wright Financial Momentum ETF has a 52 week low of $51.57 and a 52 week high of $61.21. The firm has a market capitalization of $37.57 million, a PE ratio of 18.63 and a beta of 1.01.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.