iShares TIPS Bond ETF (NYSEARCA:TIP) declared a monthly dividend on Friday, December 1st, Wall Street Journal reports. Investors of record on Monday, December 4th will be given a dividend of 0.5011 per share by the exchange traded fund on Thursday, December 7th. This represents a $6.01 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from iShares TIPS Bond ETF’s previous monthly dividend of $0.22.
iShares TIPS Bond ETF (NYSEARCA TIP) traded down $0.12 during trading on Friday, reaching $113.68. 1,108,500 shares of the company traded hands, compared to its average volume of 1,243,957. iShares TIPS Bond ETF has a 1-year low of $110.90 and a 1-year high of $115.46.
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iShares TIPS Bond ETF Company Profile
iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).
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