iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Plans Dividend Increase – $0.31 Per Share

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) announced a monthly dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 18th will be paid a dividend of 0.3075 per share by the exchange traded fund on Monday, December 23rd. This represents a $3.69 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Wednesday, December 18th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $92.69 on Thursday. The company’s fifty day moving average is $94.49 and its two-hundred day moving average is $95.52. The firm has a market capitalization of $32.92 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18.

About iShares 7-10 Year Treasury Bond ETF

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.