iShares Premium Money Market ETF Common Class (CMR) to Issue Monthly Dividend of $0.12 on October 31st

iShares Premium Money Market ETF Common Class (TSE:CMR) declared a monthly dividend on Tuesday, October 28th, TickerTech Dividends reports. Stockholders of record on Friday, October 31st will be paid a dividend of 0.122 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, October 28th. This is a 14.0% increase from iShares Premium Money Market ETF Common Class’s previous monthly dividend of $0.11.

iShares Premium Money Market ETF Common Class Stock Performance

Shares of TSE:CMR opened at C$50.01 on Thursday. iShares Premium Money Market ETF Common Class has a 1 year low of C$50.00 and a 1 year high of C$50.19. The business’s 50 day moving average price is C$50.06 and its 200-day moving average price is C$50.06.

iShares Premium Money Market ETF Common Class Company Profile

The investment objective of the Fund is to maximize current income to the extent consistent with the preservation of capital and liquidity. To achieve its investment objective the investment strategy of the Fund is to invest in high-quality, short-term generally less than 90 days, investment grade debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances and commercial paper excluding asset-backed commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations.