Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Raises Dividend to $0.19 Per Share

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) declared a monthly dividend on Monday, September 28th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.1868 per share on Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a 73.1% increase from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079.

Cullen Enhanced Equity Income ETF Stock Performance

NYSEARCA:DIVP opened at $26.48 on Tuesday. The stock has a market cap of $60.37 million, a price-to-earnings ratio of 14.21 and a beta of 0.31. Cullen Enhanced Equity Income ETF has a 1 year low of $24.11 and a 1 year high of $28.12. The business has a fifty day moving average of $27.46 and a 200-day moving average of $26.88.

About Cullen Enhanced Equity Income ETF

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The Cullen Enhanced Equity Income ETF (DIVP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in large- and mid-cap US stocks with high-dividend value characteristics, while also employing covered call strategy for additional income. DIVP was launched on Mar 6, 2024 and is issued by Cullen.

Further Reading

Dividend History for Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP)

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