Dimensional Global Credit ETF (NASDAQ:DGCB) to Issue Dividend Increase – $0.70 Per Share

Dimensional Global Credit ETF (NASDAQ:DGCB) announced a monthly dividend on Monday, December 15th. Investors of record on Tuesday, December 16th will be given a dividend of 0.7043 per share on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 15.4%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a 121.3% increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.32.

Dimensional Global Credit ETF Stock Performance

Shares of NASDAQ:DGCB opened at $54.82 on Tuesday. The stock’s fifty day simple moving average is $55.22 and its two-hundred day simple moving average is $54.75. Dimensional Global Credit ETF has a 1-year low of $51.29 and a 1-year high of $56.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Dimensional Global Credit ETF in the third quarter valued at approximately $3,273,000. Tcfg Wealth Management LLC increased its position in shares of Dimensional Global Credit ETF by 470.9% during the 3rd quarter. Tcfg Wealth Management LLC now owns 63,086 shares of the company’s stock valued at $3,498,000 after purchasing an additional 52,036 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Dimensional Global Credit ETF during the 3rd quarter worth $8,852,000. Bank of America Corp DE boosted its holdings in shares of Dimensional Global Credit ETF by 4.0% in the 3rd quarter. Bank of America Corp DE now owns 807,902 shares of the company’s stock worth $44,798,000 after buying an additional 31,097 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in shares of Dimensional Global Credit ETF by 65.9% in the 3rd quarter. GeoWealth Management LLC now owns 15,672 shares of the company’s stock worth $869,000 after buying an additional 6,226 shares during the last quarter.

About Dimensional Global Credit ETF

The Dimensional Global Credit ETF (DGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of debt securities of any credit quality that are maturing within 20 years. The fund aims to maximize total returns, while optimizing overall gains DGCB was launched on Nov 7, 2023 and is issued by Dimensional.