VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Raises Dividend to $0.16 Per Share

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) announced a monthly dividend on Monday, March 31st, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.1578 per share on Friday, April 4th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Tuesday, April 1st. This is a 0.6% increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.4 %

NASDAQ:ANGL traded down $0.12 during trading hours on Tuesday, hitting $28.74. 459,568 shares of the company traded hands, compared to its average volume of 924,958. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 60.45 and a beta of 0.52. The firm has a 50-day moving average of $28.95 and a 200 day moving average of $28.99. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Company Profile

The VanEck Fallen Angel High Yield Bond ETF (ANGL) 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. ANGL was launched on Apr 10, 2012 and is managed by VanEck.