SPDR KBW Bank (NYSEARCA:KBE) announced a quarterly dividend on Monday, June 18th, Wall Street Journal reports. Investors of record on Monday, June 18th will be paid a dividend of 0.1697 per share by the exchange traded fund on Wednesday, June 20th. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, June 15th. This is a boost from SPDR KBW Bank’s previous quarterly dividend of $0.16.
Shares of NYSEARCA:KBE traded up $0.06 during mid-day trading on Monday, hitting $49.34. 1,066,207 shares of the company traded hands, compared to its average volume of 2,443,516. SPDR KBW Bank has a 52-week low of $39.60 and a 52-week high of $52.00.
About SPDR KBW Bank
SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.
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