iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Increases Dividend to $0.18 Per Share

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) declared a monthly dividend on Thursday, October 31st, NASDAQ reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.1836 per share on Wednesday, November 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Friday, November 1st. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.5 %

Shares of IGSB traded down $0.25 during mid-day trading on Friday, reaching $51.75. 2,328,208 shares of the stock traded hands, compared to its average volume of 2,722,381. The firm has a fifty day moving average price of $52.36 and a 200 day moving average price of $51.68. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.78 and a 1 year high of $52.74.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.