Pacer ETFs Announces Dividend Increase for Pacer American Energy Independence ETF (USAI)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2025
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Source: Businesswire
Dividend Increase Announcement: Pacer ETFs announced a $0.04 increase in the monthly distribution of the Pacer American Energy Independence ETF (USAI), raising it from $0.12 to $0.16, effective January 2025.
Fund Performance and Strategy: The USAI fund focuses on U.S. and Canadian midstream energy companies, achieving a return of over 43% in 2024, significantly outperforming the S&P 500 energy sector, while aiming to provide steady cash flow amidst energy market volatility.
Analyst Views on USAI
Wall Street analysts forecast USAI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USAI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.990
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Current: 39.990
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
