iShares Convertible Bond ETF (BATS:ICVT) declared a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Shareholders of record on Friday, March 2nd will be paid a dividend of 0.099 per share on Wednesday, March 7th. This represents a $1.19 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from iShares Convertible Bond ETF’s previous monthly dividend of $0.08.

Shares of iShares Convertible Bond ETF (BATS:ICVT) traded up $0.57 during mid-day trading on Friday, reaching $56.47. 10,837 shares of the company’s stock were exchanged. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $57.89.

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