SPDR Barclays Capital Convertible SecETF (CWB) Announces Monthly Dividend of $0.12
SPDR Barclays Capital Convertible SecETF (NYSE:CWB) declared a monthly dividend on Tuesday, October 1st, StockRatingsNetwork reports. Investors of record on Thursday, October 3rd will be given a dividend of $0.1228 per share on Wednesday, October 9th. This represents a $1.47 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, October 1st.
On a related note, analysts at Barclays Capital reiterated a “hold” rating on shares of SPDR Barclays Capital Convertible SecETF (NYSE:CWB) in a research note to investors on Thursday, August 29th. They now have a $30.00 price target on the stock.
SPDR Barclays Convertible Securities ETF, formerly SPDR Barclays Capital Convertible Securities ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities.
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