Principal U.S. Mega-Cap ETF (NASDAQ:USMC) to Issue Dividend Increase – $0.15 Per Share

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) announced a quarterly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Investors of record on Wednesday, April 1st will be paid a dividend of 0.1463 per share on Monday, April 6th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, April 1st. This is a 3.9% increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14.

Principal U.S. Mega-Cap ETF Stock Performance

NASDAQ USMC traded up $0.27 during trading hours on Wednesday, reaching $64.58. The company’s stock had a trading volume of 53,420 shares, compared to its average volume of 139,695. The stock has a market cap of $2.90 billion, a PE ratio of 27.59 and a beta of 0.95. The company’s 50-day moving average is $66.46 and its two-hundred day moving average is $67.67. Principal U.S. Mega-Cap ETF has a fifty-two week low of $49.01 and a fifty-two week high of $70.08.

About Principal U.S. Mega-Cap ETF

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.