VanEck Vectors Pharmaceutical ETF (NASDAQ:PPH) Declares Dividend Increase – $0.27 Per Share

VanEck Vectors Pharmaceutical ETF (NASDAQ:PPH) announced a quarterly dividend on Monday, December 28th, Zacks reports. Investors of record on Wednesday, December 30th will be paid a dividend of 0.266 per share on Tuesday, January 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, December 29th. This is a positive change from VanEck Vectors Pharmaceutical ETF’s previous quarterly dividend of $0.25.

Shares of PPH stock opened at $65.75 on Wednesday. VanEck Vectors Pharmaceutical ETF has a 52-week low of $46.90 and a 52-week high of $68.02. The stock has a 50 day moving average price of $65.59 and a 200 day moving average price of $63.41.

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