Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Increases Dividend to $0.57 Per Share

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) announced a quarterly dividend on Wednesday, December 31st. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.5742 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 22nd. This is a 26.2% increase from Consumer Staples Select Sector SPDR Fund’s previous quarterly dividend of $0.45.

Consumer Staples Select Sector SPDR Fund Stock Performance

Shares of XLP stock opened at $83.30 on Friday. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. Consumer Staples Select Sector SPDR Fund has a one year low of $75.16 and a one year high of $90.14. The company’s 50-day simple moving average is $83.64 and its 200-day simple moving average is $82.99.

About Consumer Staples Select Sector SPDR Fund

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index.