iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) Plans Dividend Increase – $0.37 Per Share

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) declared a monthly dividend on Friday, November 2nd, Wall Street Journal reports. Stockholders of record on Friday, November 2nd will be paid a dividend of 0.3693 per share by the exchange traded fund on Wednesday, November 7th. This represents a $4.43 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, November 1st. This is a boost from iShares iBoxx $ Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.35.

Shares of LQD stock opened at $111.75 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $111.67 and a 12-month high of $121.85.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States.

See Also: Float

Dividend History for iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

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