iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) to Issue Dividend Increase – $0.22 Per Share

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) announced a monthly dividend on Monday, August 31st. Investors of record on Tuesday, September 1st will be given a dividend of 0.2219 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 0.9% increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.9%

Shares of NASDAQ IGIB traded down $0.46 during mid-day trading on Tuesday, hitting $51.73. 3,103,792 shares of the stock traded hands, compared to its average volume of 2,891,796. The stock has a fifty day moving average price of $52.53 and a 200-day moving average price of $53.07. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $51.71 and a 52 week high of $54.58.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.