Simplify High Yield ETF (NYSEARCA:CDX) to Issue Monthly Dividend of $0.15

Simplify High Yield ETF (NYSEARCA:CDX) announced a monthly dividend on Monday, January 26th. Investors of record on Tuesday, January 27th will be paid a dividend of 0.15 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, January 27th.

Simplify High Yield ETF Stock Performance

Shares of NYSEARCA:CDX traded down $0.19 on Tuesday, hitting $22.22. 6,504 shares of the company’s stock were exchanged, compared to its average volume of 273,418. The firm’s 50-day moving average is $22.39 and its 200 day moving average is $22.71. The company has a market capitalization of $457.18 million, a PE ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 1-year low of $21.77 and a 1-year high of $24.89.

Simplify High Yield ETF Company Profile

The Simplify High Yield PLUS Credit Hedge ETF (CDX) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is a fund-of-funds that invests in US high-yield bond ETFs with different maturities. It also provides a credit hedge overlay, which may contain S&P 500 Index (SPX) puts. CDX was launched on Feb 14, 2022 and is managed by Simplify.