Consumer Staples Select Sector SPDR Fund (XLP) to Issue Quarterly Dividend of $0.57 on June 24th

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) announced a quarterly dividend on Wednesday, December 31st. Shareholders of record on Monday, June 22nd will be given a dividend of 0.5742 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 22nd. This is a 26.2% increase from Consumer Staples Select Sector SPDR Fund’s previous quarterly dividend of $0.45.

Consumer Staples Select Sector SPDR Fund Price Performance

Shares of Consumer Staples Select Sector SPDR Fund stock remained flat at $83.30 during trading on Friday. The stock had a trading volume of 10,445,016 shares, compared to its average volume of 17,391,424. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. The stock has a fifty day moving average price of $83.64 and a two-hundred day moving average price of $82.99. Consumer Staples Select Sector SPDR Fund has a 52 week low of $75.16 and a 52 week high of $90.14.

About Consumer Staples Select Sector SPDR Fund

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index.