SPDR KBW Bank (NYSEARCA:KBE) declared a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be paid a dividend of 0.2133 per share by the exchange traded fund on Tuesday, December 26th. This represents a $0.85 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, December 15th. This is an increase from SPDR KBW Bank’s previous quarterly dividend of $0.17.

Shares of SPDR KBW Bank (NYSEARCA:KBE) traded down $0.09 on Tuesday, reaching $47.94. The company’s stock had a trading volume of 3,138,000 shares, compared to its average volume of 2,383,060. SPDR KBW Bank has a 52-week low of $39.60 and a 52-week high of $48.95.

A hedge fund recently raised its stake in SPDR KBW Bank stock. Northern Trust Corp lifted its position in shares of SPDR KBW Bank (NYSEARCA:KBE) by 26.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,108 shares of the exchange traded fund’s stock after acquiring an additional 1,677 shares during the quarter. Northern Trust Corp’s holdings in SPDR KBW Bank were worth $353,000 at the end of the most recent reporting period.

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About SPDR KBW Bank

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.

Dividend History for SPDR KBW Bank (NYSEARCA:KBE)

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