iShares Russell 1000 Growth Index (NYSE:IWF) Declares Quarterly Dividend of $0.42
iShares Russell 1000 Growth Index (NYSE:IWF) declared a quarterly dividend on Friday, July 7th, Wall Street Journal reports. Stockholders of record on Monday, July 10th will be paid a dividend of 0.4246 per share by the exchange traded fund on Wednesday, July 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, July 6th. This is an increase from iShares Russell 1000 Growth Index’s previous quarterly dividend of $0.33.
iShares Russell 1000 Growth Index has increased its dividend by an average of 10.7% per year over the last three years.
Shares of iShares Russell 1000 Growth Index (NYSE:IWF) traded up 0.93% on Friday, hitting $118.90. 1,283,298 shares of the stock traded hands. iShares Russell 1000 Growth Index has a 52-week low of $99.39 and a 52-week high of $121.43. The firm has a 50 day moving average price of $119.25 and a 200 day moving average price of $113.35.
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About iShares Russell 1000 Growth Index
iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment returns that correspond generally to the price and yield performance of the Russell 1000 Growth Index (the Index). The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth.
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