iShares iBoxx $ High Yid Corp Bond (HYG) Increases Dividend to $0.37 Per Share
iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) announced a monthly dividend on Friday, December 1st, Wall Street Journal reports. Stockholders of record on Monday, December 4th will be paid a dividend of 0.3723 per share by the exchange traded fund on Thursday, December 7th. This represents a $4.47 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Friday, December 1st. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37.
Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA HYG) traded up $0.02 during mid-day trading on Friday, hitting $87.78. 17,981,500 shares of the stock were exchanged, compared to its average volume of 10,885,258. iShares iBoxx $ High Yid Corp Bond has a 12 month low of $84.87 and a 12 month high of $89.04.
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iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.
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