Timothy Plan – Timothy Plan Market Neutral ETF said on June 8, 2023 that its board of directors declared a regular monthly dividend of $0.17 per share ($1.99 annualized). Previously, the company paid $0.06 per share.
Shareholders of record as of June 12, 2023 will receive the payment on June 13, 2023.
At the current share price of $24.64 / share, the stock’s dividend yield is 8.07%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.39%, the lowest has been 0.92%, and the highest has been 2.90%. The standard deviation of yields is 0.89 (n=12).
The current dividend yield is 6.40 standard deviations above the historical average.
The company has not increased its dividend in the last three years.
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What are Other Shareholders Doing?
TPHAX – Timothy Plan High Yield Bond Fund holds 908K shares.
TFIAX – Timothy Fixed Income Fund holds 620K shares.
TCGAX – Timothy Conservative Growth Fund holds 261K shares.
TPDAX – Timothy Plan Defensive Strategies Fund holds 240K shares.
TSGAX – Timothy Strategic Growth Fund holds 213K shares.
This story originally appeared on Fintel.
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