Technology Select Sector SPDR Fund (NYSEARCA:XLK) Raises Dividend to $0.23 Per Share

Technology Select Sector SPDR Fund (NYSEARCA:XLK) announced a quarterly dividend on Friday, January 2nd. Stockholders of record on Monday, June 22nd will be given a dividend of 0.2279 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 22nd. This is a 36.1% increase from Technology Select Sector SPDR Fund’s previous quarterly dividend of $0.17.

Technology Select Sector SPDR Fund Price Performance

NYSEARCA XLK opened at $191.44 on Friday. The stock has a market capitalization of $124.10 billion, a PE ratio of 35.59 and a beta of 1.34. Technology Select Sector SPDR Fund has a 1 year low of $119.38 and a 1 year high of $198.73. The business’s 50-day moving average is $173.07 and its 200 day moving average is $152.72.

About Technology Select Sector SPDR Fund

The Technology Select Sector SPDR Fund is an exchange-traded fund that aims to track, before fees and expenses, the performance of the Technology Select Sector Index. The index is designed to represent the technology companies within the S&P 500 and provides concentrated exposure to industries such as software, semiconductors, IT services, communications equipment, and technology hardware.