iShares US Financials ETF (NYSEARCA:IYF)’s stock price shot up 4.9% on Wednesday after the company announced a dividend. The stock traded as high as $92.28 and last traded at $96.53, 1,110 shares were traded during trading. A decline of 100% from the average session volume of 315,657 shares. The stock had previously closed at $92.03.
The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.6973 per share. This represents a $2.79 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change from iShares US Financials ETF’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, March 25th.
The business has a fifty day moving average price of $122.74 and a 200 day moving average price of $130.94.
iShares US Financials ETF Company Profile (NYSEARCA:IYF)
iShares U.S. Financials ETF, formerly iShares Dow Jones U.S. Financial Sector Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial sector of the United States equity market, and includes companies in industry groups, such as banks, non-life insurance, life insurance, real estate and general finance.
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