Utilities Select Sector SPDR Fund (NYSEARCA:XLU) announced a quarterly dividend on Friday, March 15th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be given a dividend of 0.4302 per share by the exchange traded fund on Wednesday, March 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, March 15th.
Shares of XLU opened at $58.19 on Friday. Utilities Select Sector SPDR Fund has a 12-month low of $48.35 and a 12-month high of $58.74.
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Utilities Select Sector SPDR Fund Company Profile
Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.
Further Reading: What is Net Asset Value (NAV)?
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