SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) Plans Dividend Increase – $0.07 Per Share

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (NYSEARCA:FLRN) declared a monthly dividend on Tuesday, December 19th, Wall Street Journal reports. Shareholders of record on Wednesday, December 20th will be paid a dividend of 0.0721 per share on Thursday, December 28th. This represents a $0.87 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, December 19th. This is a positive change from SPDR Bloomberg Barclays Investment Grade Floating Rate ETF’s previous monthly dividend of $0.04.

Shares of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) traded down $0.09 on Tuesday, reaching $30.66. The company’s stock had a trading volume of 261,259 shares, compared to its average volume of 306,957. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has a 12-month low of $30.57 and a 12-month high of $30.81.

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