Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Shares to Pay Monthly Dividend of $0.05

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) announced a monthly dividend on Thursday, October 15th. Shareholders of record on Friday, October 16th will be given a dividend of $0.0549 per share on Wednesday, October 21st. This represents a $0.66 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, October 16th. This is a 39.4% decrease from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0906.

Arrow Dow Jones Global Yield ETF Stock Performance

Shares of NYSE GYLD opened at $13.32 on Friday. The stock has a fifty day moving average price of $14.06 and a two-hundred day moving average price of $14.14. The firm has a market cap of $38.91 million, a P/E ratio of 11.13 and a beta of 0.57. Arrow Dow Jones Global Yield ETF has a 1 year low of $12.88 and a 1 year high of $14.81.

About Arrow Dow Jones Global Yield ETF

The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.