SPDR KBW Regional Banking (KRE) Raises Dividend to $0.25 Per Share
SPDR KBW Regional Banking (NYSEARCA:KRE) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Investors of record on Monday, December 18th will be given a dividend of 0.2463 per share by the exchange traded fund on Tuesday, December 26th. This represents a $0.99 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, December 15th. This is an increase from SPDR KBW Regional Banking’s previous quarterly dividend of $0.21.
SPDR KBW Regional Banking (NYSEARCA:KRE) traded down $0.09 during trading on Tuesday, reaching $59.77. 7,129,900 shares of the company traded hands, compared to its average volume of 6,883,524. SPDR KBW Regional Banking has a 52-week low of $49.31 and a 52-week high of $61.26.
About SPDR KBW Regional Banking
SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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