iShares Convertible Bond Index ETF Common (TSE:CVD) to Issue Dividend Increase - $0.08 Per Share

Key Points

• iShares Convertible Bond Index ETF Common (TSE:CVD) announced a monthly dividend increase to $0.08 per share, representing a 5.6% raise from the previous $0.07.
• The dividend will be paid to stockholders of record on August 29, with an ex-dividend date of August 26, yielding an annualized return of 5.0%.
• As of Tuesday, shares opened at C$18.18, showing a slight increase of 0.2%, with a 1-year trading range between C$17.00 and C$18.39.

iShares Convertible Bond Index ETF Common (TSE:CVD - Get Free Report) declared a monthly dividend on Tuesday, August 26th, TickerTech Dividends reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.075 per share on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, August 26th. This is a 5.6% increase from iShares Convertible Bond Index ETF Common's previous monthly dividend of $0.07.

iShares Convertible Bond Index ETF Common Trading Up 0.2%

Shares of TSE:CVD opened at C$18.18 on Tuesday. iShares Convertible Bond Index ETF Common has a 1-year low of C$17.00 and a 1-year high of C$18.39. The firm has a fifty day moving average price of C$17.85 and a 200 day moving average price of C$17.57.

About iShares Convertible Bond Index ETF Common

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada Convertible Bond Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and/or through the use of derivatives, a replicating strategy or sampling strategy.

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