Virtus Cumberland Municipal Bond ETF (CUMB) Raises Dividend to $0.34 Per Share
Virtus Cumberland Municipal Bond ETF (NYSEARCA:CUMB) declared a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Stockholders of record on Thursday, March 21st will be paid a dividend of 0.3378 per share on Thursday, March 28th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Wednesday, March 20th. This is an increase from Virtus Cumberland Municipal Bond ETF’s previous quarterly dividend of $0.14.
CUMB stock traded down $0.30 during trading on Wednesday, hitting $24.85. 431 shares of the company’s stock traded hands, compared to its average volume of 1,763. Virtus Cumberland Municipal Bond ETF has a 1 year low of $24.08 and a 1 year high of $25.20.
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