Angel Oak Income ETF (NASDAQ:CARY) Raises Dividend to $0.08 Per Share

Angel Oak Income ETF (NASDAQ:CARY) declared a monthly dividend on Thursday, February 26th. Shareholders of record on Friday, February 27th will be given a dividend of 0.0798 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, February 27th. This is a 16.6% increase from Angel Oak Income ETF’s previous monthly dividend of $0.07.

Angel Oak Income ETF Price Performance

CARY stock traded down $0.05 during mid-day trading on Friday, reaching $21.05. 48,394 shares of the company traded hands, compared to its average volume of 329,078. The firm’s 50 day moving average price is $20.95 and its 200 day moving average price is $20.95. Angel Oak Income ETF has a fifty-two week low of $20.40 and a fifty-two week high of $21.55.

About Angel Oak Income ETF

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.