SPDR S&P Dividend ETF (NYSEARCA:SDY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $108.13 and last traded at $108.13, with a volume of 5026 shares traded. The stock had previously closed at $107.46.
The company has a fifty day simple moving average of $106.97 and a 200 day simple moving average of $103.21.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.792 per share. The ex-dividend date was Friday, December 20th. This is an increase from SPDR S&P Dividend ETF’s previous quarterly dividend of $0.53. This represents a $3.17 annualized dividend and a yield of 2.93%.
SPDR S&P Dividend ETF Company Profile (NYSEARCA:SDY)
The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.
Further Reading: Guidelines for Successful Channel Trading
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