iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) to Issue Dividend Increase – $0.34 Per Share

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.3448 per share by the exchange traded fund on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, April 1st. This is a 14.7% increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.30.

iShares 20+ Year Treasury Bond ETF Stock Down 0.5%

Shares of TLT traded down $0.43 during trading hours on Wednesday, reaching $86.26. 30,076,225 shares of the company traded hands, compared to its average volume of 42,206,945. The business has a fifty day moving average price of $88.02 and a 200-day moving average price of $88.74. iShares 20+ Year Treasury Bond ETF has a 12-month low of $83.29 and a 12-month high of $94.09. The stock has a market capitalization of $44.76 billion, a P/E ratio of -6.75 and a beta of 0.53.

About iShares 20+ Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.