iShares Premium Money Market ETF Common Class (CMR) to Issue Monthly Dividend of $0.10 on March 31st

iShares Premium Money Market ETF Common Class (TSE:CMR) declared a monthly dividend on Thursday, March 26th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.095 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, March 26th. This is a 8.0% increase from iShares Premium Money Market ETF Common Class’s previous monthly dividend of $0.09.

iShares Premium Money Market ETF Common Class Price Performance

TSE:CMR opened at C$50.01 on Friday. iShares Premium Money Market ETF Common Class has a one year low of C$50.00 and a one year high of C$50.14. The company’s 50-day simple moving average is C$50.05 and its 200 day simple moving average is C$50.06.

About iShares Premium Money Market ETF Common Class

The investment objective of the Fund is to maximize current income to the extent consistent with the preservation of capital and liquidity. To achieve its investment objective the investment strategy of the Fund is to invest in high-quality, short-term generally less than 90 days, investment grade debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances and commercial paper excluding asset-backed commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations.