iShares GNMA Bond ETF (NASDAQ:GNMA) Announces Dividend Increase – $0.16 Per Share

iShares GNMA Bond ETF (NASDAQ:GNMA) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be given a dividend of 0.1576 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a 2.6% increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.15.

iShares GNMA Bond ETF Trading Down 0.5%

NASDAQ GNMA traded down $0.24 during trading hours on Wednesday, reaching $43.99. 15,964 shares of the stock traded hands, compared to its average volume of 33,723. The stock has a 50 day simple moving average of $44.19 and a two-hundred day simple moving average of $44.46. iShares GNMA Bond ETF has a 1 year low of $43.18 and a 1 year high of $45.49.

About iShares GNMA Bond ETF

The iShares GNMA Bond ETF (GNMA) is an exchange-traded fund that is based on the Bloomberg U.S. GNMA Bond index. The fund tracks a market-value-weighted index of US mortgage pass-through securities issued by Government National Mortgage Association (GNMA), with 30- or 15-year maturities. GNMA was launched on Feb 14, 2012 and is managed by BlackRock.