Consumer Discretionary SPDR (XLY) Announces Dividend Increase – $0.32 Per Share
Consumer Discretionary SPDR (NYSE:XLY) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Stockholders of record on Monday, September 18th will be given a dividend of 0.318 per share by the exchange traded fund on Monday, September 25th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, September 15th. This is a boost from Consumer Discretionary SPDR’s previous quarterly dividend of $0.27.
Consumer Discretionary SPDR has raised its dividend by an average of 8.7% annually over the last three years.
Consumer Discretionary SPDR (NYSE XLY) traded down 0.28% during mid-day trading on Friday, hitting $89.63. The stock had a trading volume of 3,910,934 shares. The stock’s 50 day moving average price is $89.95 and its 200 day moving average price is $89.28. Consumer Discretionary SPDR has a one year low of $76.61 and a one year high of $92.55.
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A hedge fund recently bought a new stake in Consumer Discretionary SPDR stock. State Street Corp bought a new position in shares of Consumer Discretionary SPDR (NYSE:XLY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,318 shares of the exchange traded fund’s stock, valued at approximately $208,000.
About Consumer Discretionary SPDR
Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.
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