iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $52.30 and last traded at $52.28, with a volume of 35775 shares. The stock had previously closed at $52.12.
The newly announced dividend which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.1929 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.31 annualized dividend and a dividend yield of 4.42%. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.
iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance
The firm’s 50-day simple moving average is $51.52 and its two-hundred day simple moving average is $51.24.
Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF
About iShares 5-10 Year Investment Grade Corporate Bond ETF
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.
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