iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) to Issue Monthly Dividend of $0.16

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) declared a monthly dividend on Thursday, October 31st, NASDAQ reports. Shareholders of record on Friday, November 1st will be given a dividend of 0.1595 per share on Wednesday, November 6th. This represents a $1.91 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Friday, November 1st. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Down 0.4 %

SLQD stock traded down $0.20 during mid-day trading on Friday, reaching $49.73. 136,449 shares of the company traded hands, compared to its average volume of 225,923. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $47.99 and a 52-week high of $50.46. The company has a fifty day moving average price of $50.17 and a 200-day moving average price of $49.60.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.