Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Raises Dividend to $0.11 Per Share

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) announced a quarterly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Investors of record on Wednesday, April 1st will be paid a dividend of 0.1078 per share on Monday, April 6th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, April 1st. This is a 32.9% increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

Principal U.S. Small-Cap Multi-Factor ETF Price Performance

NASDAQ PSC traded up $0.40 during trading hours on Wednesday, hitting $57.72. The company had a trading volume of 347,272 shares, compared to its average volume of 194,575. The firm’s 50 day moving average is $59.40 and its 200 day moving average is $58.23. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $42.36 and a fifty-two week high of $62.17. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07.

About Principal U.S. Small-Cap Multi-Factor ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.