Principal U.S. Mega-Cap ETF Declares Dividend Payment

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) has announced a dividend payment to its shareholders, as reported on December 27th. Stockholders who are on record as of this date are set to receive a dividend of $0.15 per share on December 31st. The ex-dividend date also falls on December 27th, meaning only those who own shares before this date will be eligible for the dividend.

Current Trading Performance of USMC

As of Friday, shares of the Principal U.S. Mega-Cap ETF opened at $60.86. Over the past year, the stock has experienced a low of $46.14 and a high of $61.98. The ETF has a fifty-day simple moving average of $59.50 and a 200-day simple moving average of $56.63. The market capitalization of the fund stands at approximately $2.68 billion, with a price-to-earnings ratio of 26.66, and a beta value of 0.92, indicating lower volatility compared to the broader market.

About Principal U.S. Mega-Cap ETF

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that focuses primarily on large-cap equities within the U.S. market. This actively managed fund aims to provide exposure to large-cap stocks by utilizing a proprietary quantitative model for its portfolio construction. Launched on October 12, 2017, this ETF is managed by Principal.

Investment Considerations

Investors looking for exposure to large-cap U.S. stocks may find the Principal U.S. Mega-Cap ETF an appealing option. The upcoming dividend payment adds another incentive for shareholders to hold on to their shares, especially during the fourth quarter of the financial year.

dividend, ETF, USMC