Real Estate Select Sector SPDR (XLRE) Announces Dividend Increase – $0.37 Per Share

Real Estate Select Sector SPDR (NYSEARCA:XLRE) announced a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Investors of record on Monday, December 18th will be paid a dividend of 0.365 per share on Tuesday, December 26th. This represents a $1.46 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Friday, December 15th. This is an increase from Real Estate Select Sector SPDR’s previous quarterly dividend of $0.24.

Shares of Real Estate Select Sector SPDR (NYSEARCA:XLRE) traded down $0.26 during midday trading on Friday, reaching $33.19. 505,278 shares of the company were exchanged. Real Estate Select Sector SPDR has a 12-month low of $30.01 and a 12-month high of $34.02.

An institutional investor recently raised its position in Real Estate Select Sector SPDR stock. The Manufacturers Life Insurance Company grew its holdings in Real Estate Select Sector SPDR (NYSEARCA:XLRE) by 61.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,677 shares of the company’s stock after buying an additional 2,170 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Real Estate Select Sector SPDR were worth $183,000 as of its most recent filing with the Securities & Exchange Commission.

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