Parametric Equity Premium Income ETF (NYSEARCA:PAPI) Announces Dividend Increase – $0.14 Per Share

Parametric Equity Premium Income ETF (NYSEARCA:PAPI) announced a dividend on Thursday, January 30th,NASDAQ Dividends reports. Investors of record on Friday, January 31st will be paid a dividend of 0.1386 per share on Thursday, February 6th. The ex-dividend date is Friday, January 31st. This is an increase from Parametric Equity Premium Income ETF’s previous dividend of $0.12.

Parametric Equity Premium Income ETF Price Performance

Shares of NYSEARCA PAPI traded down $0.42 during mid-day trading on Friday, hitting $26.57. The company had a trading volume of 12,235 shares, compared to its average volume of 51,382. The stock has a market cap of $29.23 million, a price-to-earnings ratio of 15.35 and a beta of 0.41. Parametric Equity Premium Income ETF has a 12 month low of $25.10 and a 12 month high of $28.46. The firm’s 50 day simple moving average is $26.88 and its two-hundred day simple moving average is $26.99.

About Parametric Equity Premium Income ETF

The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in a broad equity portfolio of US dividend payers, while utilizing a laddered, naked call writing strategy on the S&P 500. The fund seeks to provide monthly income and capital appreciation.