VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Plans Dividend Increase – $0.17 Per Share

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be paid a dividend of 0.171 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Wednesday, July 1st. This is a 11.4% increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock traded down $0.13 during trading on Wednesday, hitting $29.11. 837,592 shares of the stock traded hands, compared to its average volume of 891,716. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77. The firm’s 50 day moving average is $29.12 and its two-hundred day moving average is $29.25.

VanEck Fallen Angel High Yield Bond ETF Company Profile

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.