SPDR KBW Regional Banking (KRE) Raises Dividend to $0.21 Per Share
SPDR KBW Regional Banking (NYSE:KRE) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Investors of record on Monday, September 18th will be paid a dividend of 0.2062 per share by the exchange traded fund on Monday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, September 15th. This is a boost from SPDR KBW Regional Banking’s previous quarterly dividend of $0.20.
SPDR KBW Regional Banking has decreased its dividend payment by an average of 0.4% annually over the last three years.
Shares of SPDR KBW Regional Banking (NYSE KRE) traded up 0.43% during mid-day trading on Friday, hitting $52.37. The company had a trading volume of 5,060,554 shares. SPDR KBW Regional Banking has a 1-year low of $40.97 and a 1-year high of $59.68. The company has a 50-day moving average price of $52.75 and a 200-day moving average price of $54.08.
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SPDR KBW Regional Banking Company Profile
SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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