Akros Monthly Payout ETF (NYSEARCA:MPAY) Announces Dividend Increase – $0.15 Per Share

Akros Monthly Payout ETF (NYSEARCA:MPAY) declared a dividend on Tuesday, October 1st, NASDAQ reports. Stockholders of record on Wednesday, October 2nd will be paid a dividend of 0.1504 per share on Thursday, October 3rd. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Akros Monthly Payout ETF’s previous dividend of $0.15.

Akros Monthly Payout ETF Price Performance

NYSEARCA:MPAY opened at $25.62 on Thursday. The stock has a market cap of $2.05 million, a PE ratio of 32.50 and a beta of 0.71. Akros Monthly Payout ETF has a fifty-two week low of $20.91 and a fifty-two week high of $26.10. The stock’s 50-day moving average is $25.12 and its two-hundred day moving average is $24.70.

Akros Monthly Payout ETF Company Profile

The Akros Monthly Payout ETF (MPAY) is an exchange-traded fund that is based on the Akros Multi-Asset index. The fund is a passively managed, fund-of-funds representing a balanced portfolio of global equities, fixed income securities, and alternative investments which aims to provide monthly distributions.