Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Plans Dividend Increase – $0.49 Per Share

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) declared a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Stockholders of record on Monday, May 18th will be paid a dividend of 0.4861 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Monday, May 18th. This is a 4.9% increase from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46.

Invesco QQQ Income Advantage ETF Price Performance

Shares of NASDAQ QQA traded down $0.65 during midday trading on Monday, hitting $55.98. 102,904 shares of the company’s stock were exchanged, compared to its average volume of 116,525. The stock’s 50 day moving average price is $52.75 and its 200-day moving average price is $52.97. The firm has a market cap of $687.43 million, a P/E ratio of 31.47 and a beta of 0.90. Invesco QQQ Income Advantage ETF has a twelve month low of $46.85 and a twelve month high of $57.33.

About Invesco QQQ Income Advantage ETF

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.