Powerlaw Corp Declares Monthly Dividend of $0.08 (NASDAQ:PWRL)

Powerlaw Corp (NASDAQ:PWRL) announced a monthly dividend on Wednesday, September 23rd. Stockholders of record on Tuesday, October 20th will be given a dividend of 0.0812 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, October 20th.

Powerlaw Stock Performance

Shares of PWRL stock opened at $11.41 on Thursday. Powerlaw has a fifty-two week low of $9.40 and a fifty-two week high of $40.00. The company has a fifty day moving average price of $11.34.

Institutional Trading of Powerlaw

A number of hedge funds and other institutional investors have recently bought and sold shares of PWRL. Resolute Advisors LLC acquired a new position in shares of Powerlaw in the 2nd quarter valued at $869,000. Bank of America Corp DE acquired a new stake in Powerlaw in the second quarter valued at approximately $1,718,000. HighTower Advisors LLC purchased a new stake in Powerlaw during the 2nd quarter worth approximately $431,000. Finally, Ieq Capital LLC acquired a new position in Powerlaw during the 2nd quarter worth $232,000.

About Powerlaw

Powerlaw Corp. is a venture capital fund specializing in directly investing. It prefers investing in growth capital and late stage. The fund prefers to invest in private technology companies, technology: artificial intelligence, next-generation software, modern aerospace and defense, and leading consumer technology platforms and enterprise SaaS sectors.