SPDR Barclays Capital Convertible SecETF (CWB) Declares Monthly Dividend of $0.75

SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) announced a monthly dividend on Tuesday, December 19th, Wall Street Journal reports. Stockholders of record on Wednesday, December 20th will be paid a dividend of 0.7507 per share by the exchange traded fund on Thursday, December 28th. This represents a $9.01 dividend on an annualized basis and a dividend yield of 17.74%. The ex-dividend date is Tuesday, December 19th. This is a positive change from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.13.

Shares of SPDR Barclays Capital Convertible SecETF (CWB) traded down $0.85 during mid-day trading on Tuesday, hitting $50.79. The stock had a trading volume of 386,004 shares, compared to its average volume of 817,454. SPDR Barclays Capital Convertible SecETF has a 1-year low of $45.44 and a 1-year high of $52.67.

A number of equities research analysts recently commented on CWB shares. BMO Capital Markets reiterated a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 15th. Scotiabank reiterated a “buy” rating and issued a $42.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 22nd. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Tuesday, October 31st.

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About SPDR Barclays Capital Convertible SecETF

SPDR Barclays Convertible Securities ETF, formerly SPDR Barclays Capital Convertible Securities ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities. In seeking to track the performance of the Barclays Capital U.S.

Dividend History for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

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