Renaissance IPO ETF (IPO) Plans Dividend Increase – $0.06 Per Share

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Renaissance IPO ETF (NYSEARCA:IPO) declared a quarterly dividend on Friday, March 15th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be paid a dividend of 0.062 per share on Friday, March 22nd. This represents a $0.25 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, March 15th. This is an increase from Renaissance IPO ETF’s previous quarterly dividend of $0.02.

Shares of IPO traded down $0.03 during midday trading on Friday, hitting $30.51. The company had a trading volume of 10,275 shares, compared to its average volume of 10,917. Renaissance IPO ETF has a 1 year low of $21.63 and a 1 year high of $31.67.

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Further Reading: What is the Quick Ratio?

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