iShares Premium Money Market ETF Common Class (TSE:CMR) to Issue $0.09 Monthly Dividend

iShares Premium Money Market ETF Common Class (TSE:CMR) announced a monthly dividend on Wednesday, August 26th, TickerTech Dividends reports. Shareholders of record on Monday, August 31st will be given a dividend of 0.093 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 26th.

iShares Premium Money Market ETF Common Class Price Performance

CMR opened at C$50.01 on Thursday. 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$50.14. The company’s 50 day moving average price is C$50.06 and its two-hundred day moving average price is C$50.05.

iShares Premium Money Market ETF Common Class Company Profile

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.