iShares Premium Money Market ETF Common Class (TSE:CMR) Increases Dividend to $0.10 Per Share

Key Points

• TSE:CMR raised its monthly dividend to $0.101 per share, a 6.3% increase from $0.10, implying an annualized yield of about 2.4%; the ex-dividend date is April 27 and the record/payment date is April 30.
• The Fund seeks to maximize current income while preserving capital and liquidity by investing in high-quality, short-term (<90 days) investment-grade debt securities such as treasury bills, bankers' acceptances, and commercial paper.
• Shares trade around C$50.09 with 50- and 200-day simple moving averages at C$50.06 and a tight 1-year range of C$50.00–C$50.14, indicating very stable pricing.

iShares Premium Money Market ETF Common Class (TSE:CMR - Get Free Report) announced a monthly dividend on Monday, April 27th, TickerTech Dividends reports. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.101 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, April 27th. This is a 6.3% increase from iShares Premium Money Market ETF Common Class's previous monthly dividend of $0.10.

iShares Premium Money Market ETF Common Class Stock Performance

Shares of TSE CMR opened at C$50.09 on Friday. The company has a 50 day simple moving average of C$50.06 and a 200-day simple moving average of C$50.06. iShares Premium Money Market ETF Common Class has a 1 year low of C$50.00 and a 1 year high of C$50.14.

About iShares Premium Money Market ETF Common Class

The investment objective of the Fund is to maximize current income to the extent consistent with the preservation of capital and liquidity. To achieve its investment objective the investment strategy of the Fund is to invest in high-quality, short-term generally less than 90 days, investment grade debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances and commercial paper excluding asset-backed commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations.

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