Infrastructure Capital Equity Income Fund ETF Increases Monthly Dividend by 2%
The Infrastructure Capital Equity Income Fund ETF (ICAP) has raised its monthly dividend to $0.255 per share, representing a 2% increase from the previous payout of $0.250. The new dividend will be payable on September 30 and is applicable for shareholders recorded as of September 29; shares will trade ex-dividend starting that same date. The forward yield based on this increased dividend stands at 10.95%, which may attract income-focused investors seeking higher returns in the current market environment. The ETF, managed by Infrastructure Capital Management, focuses on infrastructure-related equities and is designed to provide consistent cash flow through its diversified portfolio of investments across various sectors. This increase reflects ICAP's ongoing commitment to enhancing shareholder value via dividend growth while maintaining a stable income stream for investors.
Topics: dividend ETFs Infrastructure Capital Equity Income Fund