Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Plans Dividend Increase – $0.40 Per Share

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) announced a monthly dividend on Monday, August 31st. Investors of record on Tuesday, September 1st will be paid a dividend of 0.3974 per share on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Tuesday, September 1st. This is a 1.5% increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.39.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Performance

NASDAQ:GPIX traded down $0.78 on Tuesday, hitting $55.43. 1,074,738 shares of the stock were exchanged, compared to its average volume of 881,507. Goldman Sachs S&P 500 Core Premium Income ETF has a 52 week low of $48.46 and a 52 week high of $56.74. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. The company’s 50-day moving average price is $55.57 and its 200 day moving average price is $53.99.

About Goldman Sachs S&P 500 Core Premium Income ETF

The Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF, primarily investing in stocks of companies in the S&P 500. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIX was launched on Oct 24, 2023 and is issued by Goldman Sachs.