T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) Raises Dividend to $0.18 Per Share

T. Rowe Price Capital Appreciation Premium Income ETF (NYSEARCA:TCAL) announced a monthly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.1782 per share on Friday, October 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 2.5% increase from T. Rowe Price Capital Appreciation Premium Income ETF’s previous monthly dividend of $0.1739.

T. Rowe Price Capital Appreciation Premium Income ETF Price Performance

T. Rowe Price Capital Appreciation Premium Income ETF stock opened at $22.18 on Wednesday. The business has a 50 day moving average of $22.76 and a 200-day moving average of $22.56. The company has a market capitalization of $303.87 million, a P/E ratio of 25.37 and a beta of 0.19. T. Rowe Price Capital Appreciation Premium Income ETF has a 1 year low of $21.73 and a 1 year high of $25.08.

About T. Rowe Price Capital Appreciation Premium Income ETF

The T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is an exchange-traded fund managed by T. Rowe Price. The fund aims to provide regular distributions while seeking capital preservation and potential for capital appreciation. It achieves this by investing primarily in U.S. equities and employing a covered call options strategy. This approach involves writing call options on individual stocks to generate income through premiums, which can enhance current income and help offset potential downside risks.