Materials Select Sector SPDR (XLB) Raises Dividend to $0.30 Per Share
Materials Select Sector SPDR (NYSEARCA:XLB) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Stockholders of record on Monday, September 18th will be paid a dividend of 0.3019 per share by the exchange traded fund on Monday, September 25th. This represents a $1.21 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, September 15th. This is a boost from Materials Select Sector SPDR’s previous quarterly dividend of $0.25.
Shares of Materials Select Sector SPDR (NYSEARCA XLB) remained flat at $56.07 during midday trading on Friday. 4,672,698 shares of the company’s stock traded hands. Materials Select Sector SPDR has a 12 month low of $45.56 and a 12 month high of $56.46. The company’s 50-day moving average is $54.65 and its 200 day moving average is $53.56.
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Materials Select Sector SPDR Company Profile
Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials.
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