iShares Trust (NYSEARCA:IBCD) announced a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.0394 per share on Wednesday, March 7th. This represents a $0.47 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, March 1st. This is a boost from iShares Trust’s previous monthly dividend of $0.04.

Shares of iShares Trust (NYSEARCA IBCD) traded up $0.01 during mid-day trading on Friday, reaching $24.33. The company had a trading volume of 652 shares, compared to its average volume of 11,646. iShares Trust has a 12 month low of $24.30 and a 12 month high of $24.82.

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