iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Raises Dividend to $0.15 Per Share

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) announced a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be given a dividend of $0.1471 per share on Tuesday, October 6th. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 3.3% increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.1425.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

NASDAQ FALN opened at $25.93 on Thursday. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.91 and a 1-year high of $27.77. The business has a 50 day moving average price of $26.77 and a 200 day moving average price of $26.93.

iShares Fallen Angels USD Bond ETF Company Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.