On December 18, 2023, the Pgim Aaa Clo ETF (NYSEARCA:PAAA) announced a special dividend of $0.21 per share. This payment will be distributed to shareholders of record on December 19, 2023, with the anticipated payment date set for December 24, 2023. The ex-dividend date is also December 19, 2023, meaning investors must own shares before this date to qualify for the dividend.
Trading activity on December 19 saw the Pgim Aaa Clo ETF shares decline by 0.4%, with a decrease of $0.20 to reach a price of $51.19. The ETF recorded a trading volume of 976,434 shares, slightly above its average volume of 943,583 shares.
Investors may find the ETF’s performance over the past year noteworthy, as it has shown a fifty-two week low of $50.44 and a high of $52.06. The ETF’s current 50-day moving average stands at $51.35, while the 200-day moving average is at $51.36. These figures suggest stability in the ETF’s pricing, although the recent drop in share value may prompt some investors to reconsider their positions.
The announcement of the special dividend reflects the ETF’s commitment to returning value to its shareholders. As dividends can serve as a crucial component of an investor’s total return, this declaration may enhance the appeal of the Pgim Aaa Clo ETF for current and potential investors alike.
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