SPDR S&P MidCap 400 ETF (MDY) Plans Dividend Increase – $1.45 Per Share
SPDR S&P MidCap 400 ETF (NYSE:MDY) declared a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Stockholders of record on Monday, September 18th will be paid a dividend of 1.4451 per share by the exchange traded fund on Tuesday, October 31st. This represents a $5.78 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from SPDR S&P MidCap 400 ETF’s previous quarterly dividend of $0.52.
SPDR S&P MidCap 400 ETF has raised its dividend by an average of 11.7% annually over the last three years.
Shares of SPDR S&P MidCap 400 ETF (MDY) traded up 0.35% during trading on Friday, hitting $318.61. 737,157 shares of the stock traded hands. SPDR S&P MidCap 400 ETF has a 1-year low of $268.25 and a 1-year high of $326.88. The company has a 50 day moving average of $315.01 and a 200-day moving average of $315.14.
SPDR S&P MidCap 400 ETF Company Profile
SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items.
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