Invesco KBW Bank ETF (NASDAQ:KBWB) Plans Dividend Increase – $0.49 Per Share

Invesco KBW Bank ETF (NASDAQ:KBWB) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Shareholders of record on Monday, March 23rd will be paid a dividend of 0.4898 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, March 23rd. This is a 10.3% increase from Invesco KBW Bank ETF’s previous quarterly dividend of $0.44.

Invesco KBW Bank ETF Trading Up 0.8%

KBWB opened at $77.68 on Tuesday. The firm’s 50 day simple moving average is $83.83 and its two-hundred day simple moving average is $81.14. The company has a market capitalization of $5.50 billion, a PE ratio of 13.35 and a beta of 1.11. Invesco KBW Bank ETF has a 1-year low of $51.13 and a 1-year high of $91.43.

Invesco KBW Bank ETF Company Profile

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.