iShares Convertible Bond Index ETF Common (TSE:CVD) to Issue $0.08 Monthly Dividend

iShares Convertible Bond Index ETF Common (TSE:CVD) announced a monthly dividend on Thursday, March 26th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.075 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, March 26th.

iShares Convertible Bond Index ETF Common Stock Performance

Shares of CVD opened at C$18.41 on Thursday. The firm has a 50 day moving average price of C$18.41 and a 200-day moving average price of C$18.25. iShares Convertible Bond Index ETF Common has a fifty-two week low of C$17.00 and a fifty-two week high of C$18.68.

iShares Convertible Bond Index ETF Common Company Profile

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada Convertible Bond Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and/or through the use of derivatives, a replicating strategy or sampling strategy.