Invesco India ETF (NYSEARCA:PIN) Plans Dividend Increase – $2.22 Per Share

Invesco India ETF (NYSEARCA:PIN) announced a quarterly dividend on Thursday, January 11th,NASDAQ Dividends reports. Stockholders of record on Monday, December 23rd will be given a dividend of 2.22 per share on Friday, December 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 31.31%. The ex-dividend date is Monday, December 23rd. This is an increase from Invesco India ETF’s previous quarterly dividend of $0.04.

Invesco India ETF Stock Performance

PIN stock traded down $0.09 during midday trading on Friday, hitting $28.36. 79,841 shares of the stock were exchanged, compared to its average volume of 54,756. The stock’s 50-day moving average price is $28.85 and its 200-day moving average price is $29.37. The stock has a market cap of $245.03 million, a price-to-earnings ratio of 26.92 and a beta of 0.55. Invesco India ETF has a fifty-two week low of $24.92 and a fifty-two week high of $31.17.

Invesco India ETF Company Profile

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index.