Financial Select Sector SPDR Fund (XLF) Declares Dividend Increase – $0.10 Per Share
Financial Select Sector SPDR Fund (NYSE:XLF) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Stockholders of record on Monday, September 18th will be paid a dividend of 0.1032 per share by the exchange traded fund on Monday, September 25th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, September 15th. This is an increase from Financial Select Sector SPDR Fund’s previous quarterly dividend of $0.09.
Financial Select Sector SPDR Fund has increased its dividend payment by an average of 3.1% per year over the last three years.
Shares of Financial Select Sector SPDR Fund (NYSE:XLF) traded up 0.30% during midday trading on Friday, hitting $24.77. 58,852,413 shares of the stock were exchanged. Financial Select Sector SPDR Fund has a 12 month low of $18.94 and a 12 month high of $25.59. The firm’s 50-day moving average is $24.81 and its 200-day moving average is $24.26.
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About Financial Select Sector SPDR Fund
The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.
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