iShares Premium Money Market ETF Common Class (TSE:CMR) Plans Monthly Dividend of $0.12

Key Points

• iShares Premium Money Market ETF Common Class (TSE:CMR) will distribute a monthly dividend of $0.12 to stockholders of record on August 29th, 2023.
• The ETF maintains a dividend yield of 2.8% and its stock price opened at C$50.11 on the day of the announcement.
• The investment strategy focuses on maximizing current income while preserving capital and liquidity, primarily investing in high-quality, short-term investment-grade debt securities.

iShares Premium Money Market ETF Common Class (TSE:CMR - Get Free Report) announced a monthly dividend on Tuesday, August 26th, TickerTech Dividends reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.115 per share on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, August 26th.

iShares Premium Money Market ETF Common Class Price Performance

Shares of CMR stock opened at C$50.11 on Tuesday. The stock has a 50-day moving average of C$50.07 and a 200-day moving average of C$50.07. iShares Premium Money Market ETF Common Class has a 1-year low of C$50.00 and a 1-year high of C$50.20.

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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