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QVAL ETF raises dividend to $0.21 per share, sees shares drop to $44.97 despite increase.
Alpha Architect U.S. Quantitative Value ETF (QVAL) increased its dividend to $0.21 per share from $0.15, payable to shareholders of record on Dec 24, with an ex-dividend date of the same day.
The ETF, which invests in US value stocks focusing on strong accounting and earnings quality, saw its shares trade down to $44.97.
QVAL aims to provide total market equity exposure through an equal-weighted portfolio.
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QVAL ETF eleva el dividendo a $0.21 por acción, ve las acciones caer a $44.97 a pesar del aumento.