SPDR Series Trust (NYSEARCA:CBND) announced a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Stockholders of record on Friday, March 2nd will be given a dividend of 0.0862 per share on Wednesday, March 7th. This represents a $1.03 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from SPDR Series Trust’s previous monthly dividend of $0.08.

SPDR Series Trust (NYSEARCA:CBND) traded down $0.02 during trading on Friday, hitting $31.42. 1,031 shares of the stock traded hands, compared to its average volume of 1,846. SPDR Series Trust has a 12-month low of $31.34 and a 12-month high of $32.94.

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