Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Raises Dividend to $0.16 Per Share

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) declared a dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.1596 per share on Wednesday, July 3rd. The ex-dividend date of this dividend is Monday, July 1st. This is an increase from Principal U.S. Mega-Cap ETF’s previous dividend of $0.15.

Principal U.S. Mega-Cap ETF Price Performance

USMC opened at $54.19 on Tuesday. The business has a fifty day simple moving average of $52.06 and a 200 day simple moving average of $50.21. Principal U.S. Mega-Cap ETF has a 1 year low of $40.73 and a 1 year high of $54.81. The company has a market capitalization of $2.41 billion, a PE ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Company Profile

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.