Invesco India ETF (NYSEARCA:PIN) Increases Dividend to $2.22 Per Share

Invesco India ETF (NYSEARCA:PIN) declared a quarterly dividend on Thursday, January 11th,NASDAQ Dividends reports. Stockholders of record on Monday, December 23rd will be paid a dividend of 2.22 per share on Friday, December 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 31.31%. The ex-dividend date of this dividend is Monday, December 23rd. This is a boost from Invesco India ETF’s previous quarterly dividend of $0.04.

Invesco India ETF Stock Down 0.3 %

Shares of NYSEARCA PIN opened at $28.36 on Friday. The firm’s 50-day moving average price is $28.85 and its 200-day moving average price is $29.37. Invesco India ETF has a 52-week low of $24.92 and a 52-week high of $31.17. The company has a market cap of $245.03 million, a PE ratio of 26.92 and a beta of 0.55.

About Invesco India ETF

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index.