Principal Quality ETF (NASDAQ:PSET) to Issue Dividend Increase – $0.14 Per Share

Principal Quality ETF (NASDAQ:PSET) declared a quarterly dividend on Monday, December 29th. Stockholders of record on Monday, December 29th will be paid a dividend of 0.1383 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, December 29th. This is a 29.6% increase from Principal Quality ETF’s previous quarterly dividend of $0.11.

Principal Quality ETF Stock Down 0.5%

Shares of Principal Quality ETF stock traded down $0.37 during trading on Monday, reaching $77.14. 185 shares of the company were exchanged, compared to its average volume of 5,796. The firm has a market capitalization of $54.00 million, a price-to-earnings ratio of 29.66 and a beta of 1.02. Principal Quality ETF has a twelve month low of $58.37 and a twelve month high of $78.20. The business has a 50-day moving average price of $76.31 and a 200-day moving average price of $75.26.

About Principal Quality ETF

The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.