Energy Select Sector SPDR (XLE) to Issue Dividend Increase – $0.87 Per Share
Energy Select Sector SPDR (NYSE:XLE) declared a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Shareholders of record on Monday, September 18th will be paid a dividend of 0.8654 per share by the exchange traded fund on Monday, September 25th. This represents a $3.46 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Friday, September 15th. This is an increase from Energy Select Sector SPDR’s previous quarterly dividend of $0.45.
Energy Select Sector SPDR has decreased its dividend payment by an average of 3.6% annually over the last three years.
Energy Select Sector SPDR (NYSE:XLE) traded up 0.24% during mid-day trading on Friday, hitting $65.84. 12,409,428 shares of the stock were exchanged. Energy Select Sector SPDR has a 52-week low of $61.80 and a 52-week high of $78.45. The company has a 50 day moving average price of $64.30 and a 200 day moving average price of $66.77.
About Energy Select Sector SPDR
Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.
Receive News & Ratings for Energy Select Sector SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Select Sector SPDR and related companies with MarketBeat.com's FREE daily email newsletter.