Invesco India ETF (PIN) to Issue Quarterly Dividend of $2.22 on December 27th

Invesco India ETF (NYSEARCA:PIN) declared a quarterly dividend on Thursday, January 11th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be given a dividend of 2.22 per share on Friday, December 27th. This represents a $8.88 annualized dividend and a yield of 31.31%. The ex-dividend date of this dividend is Monday, December 23rd. This is a boost from Invesco India ETF’s previous quarterly dividend of $0.04.

Invesco India ETF Price Performance

Shares of NYSEARCA PIN traded down $0.09 during mid-day trading on Friday, hitting $28.36. The company had a trading volume of 79,841 shares, compared to its average volume of 54,756. Invesco India ETF has a 12 month low of $24.92 and a 12 month high of $31.17. The firm has a market cap of $245.03 million, a P/E ratio of 26.92 and a beta of 0.55. The business’s 50-day simple moving average is $28.85 and its 200-day simple moving average is $29.37.

About Invesco India ETF

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index.