Utilities SPDR to Issue Quarterly Dividend of $0.42 (XLU)
Utilities SPDR (NYSE:XLU) declared a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Shareholders of record on Monday, September 18th will be given a dividend of 0.4172 per share by the exchange traded fund on Monday, September 25th. This represents a $1.67 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, September 15th.
Utilities SPDR has decreased its dividend by an average of 3.8% annually over the last three years.
Utilities SPDR (NYSE:XLU) traded up 0.14% on Friday, reaching $54.75. 8,515,142 shares of the company’s stock were exchanged. Utilities SPDR has a 12-month low of $45.33 and a 12-month high of $55.90. The firm has a 50 day moving average of $54.46 and a 200-day moving average of $52.74.
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Utilities SPDR Company Profile
Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.
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