SPDR S&P 500 ETF Trust (SPY) Declares Dividend Increase – $1.23 Per Share
SPDR S&P 500 ETF Trust (NYSE:SPY) 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 1.2346 per share by the exchange traded fund on Tuesday, October 31st. This represents a $4.94 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, September 15th. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18.
SPDR S&P 500 ETF Trust has raised its dividend by an average of 9.2% per year over the last three years.
SPDR S&P 500 ETF Trust (NYSE:SPY) traded up 0.15% during midday trading on Friday, hitting $249.23. 95,289,813 shares of the stock traded hands. The company’s 50 day moving average is $246.41 and its 200-day moving average is $241.40. SPDR S&P 500 ETF Trust has a one year low of $208.38 and a one year high of $250.32.
Separately, Goldman Sachs Group, Inc. (The) boosted their price target on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research note on Wednesday, June 28th.
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SPDR S&P 500 ETF Trust Company Profile
SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
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