CurrencyShares Canadian Dollar ETF (FXC) Announces Dividend Increase – $0.01 Per Share
CurrencyShares Canadian Dollar ETF (NYSEARCA:FXC) declared a monthly dividend on Friday, December 1st, Wall Street Journal reports. Shareholders of record on Monday, December 4th will be paid a dividend of 0.0058 per share by the exchange traded fund on Friday, December 8th. This represents a $0.07 annualized dividend and a yield of 0.09%. The ex-dividend date is Friday, December 1st. This is a boost from CurrencyShares Canadian Dollar ETF’s previous monthly dividend of $0.00061.
CurrencyShares Canadian Dollar ETF (NYSEARCA FXC) opened at $77.68 on Friday. CurrencyShares Canadian Dollar ETF has a fifty-two week low of $71.70 and a fifty-two week high of $81.49.
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Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets.
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