Fidelity Merrimack Street Trust (FBND) to Issue Dividend Increase – $0.10 Per Share

Fidelity Merrimack Street Trust (NYSEARCA:FBND) declared a monthly dividend on Monday, January 29th, Wall Street Journal reports. Stockholders of record on Tuesday, January 30th will be paid a dividend of 0.102 per share on Thursday, February 1st. This represents a $1.22 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, January 29th. This is a positive change from Fidelity Merrimack Street Trust’s previous monthly dividend of $0.10.

Shares of Fidelity Merrimack Street Trust (FBND) traded down $0.25 during midday trading on Monday, hitting $49.70. 51,819 shares of the stock traded hands, compared to its average volume of 53,112. Fidelity Merrimack Street Trust has a one year low of $49.18 and a one year high of $51.74.

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