Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) to Issue Dividend Increase – $0.20 Per Share

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) announced a dividend on Thursday, March 27th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.1997 per share on Monday, March 31st. The ex-dividend date is Friday, March 28th. This is a 127.7% increase from Cullen Enhanced Equity Income ETF’s previous dividend of $0.09.

Cullen Enhanced Equity Income ETF Stock Performance

Shares of Cullen Enhanced Equity Income ETF stock traded down $0.32 during trading on Friday, hitting $25.79. 4,201 shares of the stock were exchanged, compared to its average volume of 2,845. Cullen Enhanced Equity Income ETF has a 12 month low of $24.76 and a 12 month high of $27.15. The stock’s fifty day moving average is $25.89 and its 200 day moving average is $26.16. The stock has a market cap of $17.41 million, a PE ratio of 17.56 and a beta of 0.44.

About Cullen Enhanced Equity Income ETF

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.