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

Kensington Hedged Premium Income ETF (NYSEARCA:KHPI) declared 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 Stock Down 0.8 %

KHPI stock traded down $0.20 during midday trading on Friday, hitting $24.11. The company’s stock had a trading volume of 11,302 shares, compared to its average volume of 63,019. The company’s fifty day moving average price is $25.18 and its 200 day moving average price is $25.34. Kensington Hedged Premium Income ETF has a twelve month low of $24.08 and a twelve month high of $26.59.

About Kensington Hedged Premium Income ETF

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.