iShares Convertible Bond Index ETF Common (TSE:CVD) Announces Monthly Dividend of $0.07

iShares Convertible Bond Index ETF Common (TSE:CVD) declared a monthly dividend on Wednesday, August 26th, TickerTech Dividends reports. Investors of record on Monday, August 31st will be given a dividend of 0.075 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, August 26th.

iShares Convertible Bond Index ETF Common Trading Up 0.1%

Shares of TSE:CVD opened at C$18.16 on Wednesday. The business’s 50 day simple moving average is C$18.26 and its two-hundred day simple moving average is C$18.24. iShares Convertible Bond Index ETF Common has a 52-week low of C$17.81 and a 52-week high of C$18.68.

About iShares Convertible Bond Index ETF Common

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada Convertible Bond Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and/or through the use of derivatives, a replicating strategy or sampling strategy.