Utilities SPDR (NYSEARCA:XLU) announced a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.5112 per share by the exchange traded fund on Tuesday, December 26th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, December 15th. This is a boost from Utilities SPDR’s previous quarterly dividend of $0.42.
Utilities SPDR (NYSEARCA XLU) traded down $0.31 on Friday, hitting $55.02. The stock had a trading volume of 2,950,000 shares. Utilities SPDR has a one year low of $47.60 and a one year high of $57.23.
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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.
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