Kensington Hedged Premium Income ETF (NYSEARCA:KHPI) Declares Dividend Increase – $0.18 Per Share

Kensington Hedged Premium Income ETF (NYSEARCA:KHPI) announced a dividend on Friday, March 28th, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.1825 per share on Tuesday, April 1st. The ex-dividend date is Monday, March 31st. This is a 14.7% increase from Kensington Hedged Premium Income ETF’s previous dividend of $0.16.

Kensington Hedged Premium Income ETF Price Performance

NYSEARCA KHPI traded down $0.20 during trading on Friday, reaching $24.11. 11,302 shares of the company’s stock were exchanged, compared to its average volume of 63,019. The business has a 50 day moving average price of $25.18 and a 200-day moving average price of $25.34. Kensington Hedged Premium Income ETF has a fifty-two week low of $24.08 and a fifty-two week high of $26.59.

Kensington Hedged Premium Income ETF Company Profile

The Kensington Hedged Premium Income ETF (KHPI) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages multiple derivative strategies seeking to generate high monthly income, some upside participation potential in the S&P 500, with a downside hedge. The objective is to offer a more balanced income strategy than other covered option writing strategies.