Vanguard Conservative ETF Portfolio (TSE:VCNS) Reaches New 52-Week High - What's Next?

Key Points

• The Vanguard Conservative ETF Portfolio (TSE:VCNS) recently reached a new 52-week high with a share price of C$30.24, closing at C$30.23.
• Despite the stock's rise, the company announced a cut in its quarterly dividend, reducing the annualized dividend to $0.75 with a yield of 2.48%.
• The ETF aims to provide a mix of income and moderate long-term capital growth through investments in equity and fixed income securities.

Vanguard Conservative ETF Portfolio (TSE:VCNS - )'s share price hit a new 52-week high on Friday . The company traded as high as C$30.24 and last traded at C$30.23, with a volume of 13352 shares. The stock had previously closed at C$30.11.

Vanguard Conservative ETF Portfolio Stock Up 0.4%

The stock has a 50 day simple moving average of C$29.88 and a 200 day simple moving average of C$29.57.

Vanguard Conservative ETF Portfolio Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.1874 per share. This represents a $0.75 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, July 2nd.

About Vanguard Conservative ETF Portfolio

Vanguard Conservative ETF Portfolio (the ETF) seeks to provide a combination of income and moderate long-term capital growth. Fund investing in equity and fixed income securities. The ETF may do so either directly or indirectly through investment in one or more exchange traded funds managed by Vanguard Investments Canada Inc (the Manager) or an affiliate or certain other investment funds (Underlying Funds).

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