VanEck Pharmaceutical ETF (NASDAQ:PPH) Plans Dividend Increase – $0.41 Per Share

VanEck Pharmaceutical ETF (NASDAQ:PPH) announced a dividend on Thursday, December 26th,NASDAQ Dividends reports. Stockholders of record on Friday, December 27th will be given a dividend of 0.411 per share on Monday, December 30th. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from VanEck Pharmaceutical ETF’s previous dividend of $0.36.

VanEck Pharmaceutical ETF Stock Performance

NASDAQ PPH traded down $0.68 on Friday, reaching $87.17. 30,865 shares of the company’s stock traded hands, compared to its average volume of 151,231. VanEck Pharmaceutical ETF has a fifty-two week low of $81.03 and a fifty-two week high of $99.51. The firm has a market cap of $644.19 million, a price-to-earnings ratio of 21.04 and a beta of 0.72. The stock has a 50 day moving average price of $89.69 and a 200-day moving average price of $92.76.

About VanEck Pharmaceutical ETF

The VanEck Pharmaceutical ETF (PPH) is an exchange-traded fund that is based on the MVIS US Listed Pharmaceutical 25 index, a market-cap-weighted index of 25 of the largest global pharmaceutical firms. PPH was launched on Feb 1, 2000 and is managed by VanEck.