SPDR S&P Biotech (NYSEARCA:XBI) Increases Dividend to $0.11 Per Share
SPDR S&P Biotech (NYSEARCA:XBI) announced a quarterly dividend on Friday, June 16th, Wall Street Journal reports. Shareholders of record on Tuesday, June 20th will be paid a dividend of 0.1101 per share by the exchange traded fund on Monday, June 26th. This represents a $0.44 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, June 16th. This is a positive change from SPDR S&P Biotech’s previous quarterly dividend of $0.02.
Shares of SPDR S&P Biotech (XBI) traded down 0.14% during midday trading on Friday, reaching $79.07. The company’s stock had a trading volume of 3,198,944 shares. The stock has a 50 day moving average price of $72.22 and a 200-day moving average price of $68.16. SPDR S&P Biotech has a 52-week low of $53.15 and a 52-week high of $80.89.
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About SPDR S&P Biotech
SPDR S&P Biotech ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Biotechnology Select Industry Index. The S&P Biotechnology Select Industry Index represents the biotechnology sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.
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