iShares Premium Money Market ETF Common Class (TSE:CMR) Increases Dividend to $0.11 Per Share

iShares Premium Money Market ETF Common Class (TSE:CMR) declared a monthly dividend on Tuesday, October 27th. Stockholders of record on Friday, October 30th will be given a dividend of $0.1070 per share on Friday, October 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, October 27th. This is a 15.1% increase from iShares Premium Money Market ETF Common Class’s previous monthly dividend of $0.0930.

iShares Premium Money Market ETF Common Class Price Performance

CMR opened at C$50.01 on Wednesday. The company’s 50 day simple moving average is C$50.06 and its 200 day simple moving average is C$50.05. iShares Premium Money Market ETF Common Class has a 1 year low of C$50.00 and a 1 year high of C$50.14.

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.