ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Increases Dividend to $0.08 Per Share

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) announced a monthly dividend on Thursday, June 25th. Investors of record on Friday, June 26th will be paid a dividend of 0.0797 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, June 26th. This is a 75.2% increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.05.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Up 0.7%

Shares of NYSEARCA SIXH opened at $43.16 on Friday. The stock’s 50 day moving average price is $42.11 and its two-hundred day moving average price is $41.49. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52-week low of $37.48 and a 52-week high of $43.32. The stock has a market capitalization of $558.06 million, a P/E ratio of 16.87 and a beta of 0.31.

About ETC 6 Meridian Hedged Equity Index Option Strategy

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.