Timothy Plan – Timothy Plan Market Neutral ETF (TPMN) Declares $0.17 Dividend

Investments

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?

TPMN / Timothy Plan - Timothy Plan Market Neutral ETF Shares Held by Institutions

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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