iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Raises Dividend to $0.20 Per Share

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.2011 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Wednesday, July 1st. This is a 0.7% increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.5%

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded down $0.24 on Wednesday, reaching $52.17. 3,746,221 shares of the company traded hands, compared to its average volume of 3,783,160. The company has a 50 day moving average of $52.39 and a 200 day moving average of $52.67. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $52.12 and a 52 week high of $53.25.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.