SPDR KBW Bank (NYSE:KBE) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Investors of record on Monday, September 18th will be given a dividend of 0.1653 per share by the exchange traded fund on Monday, September 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from SPDR KBW Bank’s previous quarterly dividend of $0.15.

SPDR KBW Bank has decreased its dividend payment by an average of 3.0% per year over the last three years.

SPDR KBW Bank (NYSE:KBE) traded up 0.49% during mid-day trading on Friday, hitting $41.91. 1,786,006 shares of the company traded hands. SPDR KBW Bank has a one year low of $32.50 and a one year high of $47.00. The company’s 50-day moving average price is $42.18 and its 200 day moving average price is $42.87.

A hedge fund recently raised its stake in SPDR KBW Bank stock. Northern Trust Corp lifted its holdings in SPDR KBW Bank (NYSE:KBE) by 26.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,108 shares of the exchange traded fund’s stock after purchasing an additional 1,677 shares during the quarter. Northern Trust Corp’s holdings in SPDR KBW Bank were worth $353,000 as of its most recent SEC filing.

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About SPDR KBW Bank

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.

Dividend History for SPDR KBW Bank (NYSE:KBE)

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