REX AI Equity Premium Income ETF Announces Monthly Dividend of $1.28 (NASDAQ:AIPI)

REX AI Equity Premium Income ETF (NASDAQ:AIPI) announced a monthly dividend on Tuesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Wednesday, March 26th will be paid a dividend of 1.2804 per share on Thursday, March 27th. This represents a $15.36 dividend on an annualized basis and a dividend yield of 36.68%. The ex-dividend date of this dividend is Wednesday, March 26th.

REX AI Equity Premium Income ETF Stock Performance

NASDAQ AIPI traded down $2.31 during trading hours on Wednesday, hitting $41.89. 126,915 shares of the company traded hands, compared to its average volume of 106,025. REX AI Equity Premium Income ETF has a twelve month low of $40.21 and a twelve month high of $56.15. The business’s 50-day moving average is $46.91 and its 200-day moving average is $49.19. The stock has a market capitalization of $219.92 million and a price-to-earnings ratio of 38.08.

About REX AI Equity Premium Income ETF

The REX AI Equity Premium Income ETF (AIPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in leading Artificial Intelligence (AI) companies selected from the holdings of the BITA AI Leaders Select Index. The fund seeks to generate income by writing covered call options on its holdings, aiming for capital growth and current income, while maintaining the flexibility to adapt based on market conditions AIPI was launched on Jun 4, 2024 and is issued by REX Shares.