iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Increases Dividend to $0.20 Per Share

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) declared a monthly dividend on Monday, March 31st, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.2004 per share on Friday, April 4th. This represents a $2.41 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a 3.4% increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.2 %

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $52.43 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.91 and a 1 year high of $54.10. The firm’s 50-day moving average is $52.11 and its 200 day moving average is $52.27.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.