iShares TIPS Bond ETF (TIP) Raises Dividend to $0.64 Per Share
iShares TIPS Bond ETF (NYSEARCA:TIP) declared a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, June 4th will be paid a dividend of 0.6392 per share by the exchange traded fund on Friday, June 7th. This represents a $7.67 annualized dividend and a dividend yield of 6.67%. The ex-dividend date is Monday, June 3rd. This is an increase from iShares TIPS Bond ETF’s previous monthly dividend of $0.03.
Shares of TIP stock traded down $0.33 during trading hours on Monday, hitting $114.94. The company had a trading volume of 7,087,421 shares, compared to its average volume of 1,330,609. iShares TIPS Bond ETF has a fifty-two week low of $107.53 and a fifty-two week high of $115.32.
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iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).
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