Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Increases Dividend to $0.38 Per Share

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) declared a dividend on Wednesday, October 2nd, NASDAQ reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.3758 per share on Friday, October 4th. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from Overlay Shares Large Cap Equity ETF’s previous dividend of $0.32.

Overlay Shares Large Cap Equity ETF Price Performance

Shares of OVL traded down $0.51 during mid-day trading on Thursday, hitting $45.53. The company’s stock had a trading volume of 2,240 shares, compared to its average volume of 50,435. The firm has a 50-day moving average price of $44.40 and a 200 day moving average price of $43.21. The stock has a market capitalization of $173.01 million, a price-to-earnings ratio of 25.46 and a beta of 1.18. Overlay Shares Large Cap Equity ETF has a fifty-two week low of $31.73 and a fifty-two week high of $46.48.

Overlay Shares Large Cap Equity ETF Company Profile

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.