iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) to Issue Monthly Dividend of $0.14

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) declared a monthly dividend on Thursday, October 31st, NASDAQ reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.1409 per share on Wednesday, November 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

iShares Fallen Angels USD Bond ETF Stock Down 0.7 %

Shares of NASDAQ:FALN traded down $0.19 during midday trading on Friday, reaching $26.70. The company had a trading volume of 1,349,117 shares, compared to its average volume of 707,826. iShares Fallen Angels USD Bond ETF has a one year low of $24.70 and a one year high of $27.43. The stock’s fifty day moving average price is $27.15 and its 200-day moving average price is $26.70.

About iShares Fallen Angels USD Bond ETF

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.