SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) announced a monthly dividend on Friday, December 1st, Wall Street Journal reports. Stockholders of record on Monday, December 4th will be paid a dividend of 0.1309 per share by the exchange traded fund on Monday, December 11th. This represents a $1.57 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, December 1st. This is an increase from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.09.

Shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) traded down $0.10 during trading hours on Friday, hitting $51.42. The stock had a trading volume of 1,098,703 shares, compared to its average volume of 821,509. SPDR Barclays Capital Convertible SecETF has a 12 month low of $44.75 and a 12 month high of $52.67.

Several equities research analysts have recently issued reports on CWB shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 15th. Canaccord Genuity reaffirmed a “hold” rating and issued a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research report on Tuesday, October 31st. Finally, Scotiabank reaffirmed a “buy” rating and issued a $42.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 22nd.

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About SPDR Barclays Capital Convertible SecETF

SPDR Barclays Convertible Securities ETF, formerly SPDR Barclays Capital Convertible Securities ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities. In seeking to track the performance of the Barclays Capital U.S.

Dividend History for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

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