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

Key Points

• The iShares Premium Money Market ETF Common Class has announced a monthly dividend of $0.12 per share, which results in an annualized dividend of $1.45 and a yield of 2.90%.
• Shareholders of record by July 31st will be eligible for the dividend, with the ex-dividend date set for July 28th.
• CMR stock recently opened at C$50.12, with a 12-month price range between C$50.00 and C$50.20.

iShares Premium Money Market ETF Common Class (TSE:CMR - Get Free Report) declared a monthly dividend on Monday, July 28th, TickerTech Dividends reports. Shareholders of record on Thursday, July 31st will be given a dividend of 0.121 per share on Thursday, July 31st. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Monday, July 28th.

iShares Premium Money Market ETF Common Class Price Performance

CMR stock remained flat at C$50.01 during midday trading on Wednesday. 65,790 shares of the company's stock were exchanged, compared to its average volume of 104,700. The company's 50-day moving average is C$50.06 and its 200-day moving average is C$50.07. iShares Premium Money Market ETF Common Class has a fifty-two week low of C$50.00 and a fifty-two week 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.