SPDR KBW Bank (NYSE:KBE) declared a quarterly dividend on Friday, June 16th, Wall Street Journal reports. Stockholders of record on Tuesday, June 20th will be given a dividend of 0.1532 per share by the exchange traded fund on Monday, June 26th. This represents a $0.61 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, June 16th. This is a boost from SPDR KBW Bank’s previous quarterly dividend of $0.11.
SPDR KBW Bank has decreased its dividend by an average of 3.0% per year over the last three years.
SPDR KBW Bank (NYSE KBE) traded down 0.52% during trading on Friday, hitting $43.78. The stock had a trading volume of 1,635,858 shares. SPDR KBW Bank has a 52 week low of $28.71 and a 52 week high of $47.00. The company’s 50-day moving average is $42.41 and its 200 day moving average is $43.30.
About SPDR KBW Bank
SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.
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