Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Plans Dividend Increase – $0.04 Per Share

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) announced a monthly dividend on Thursday, October 29th. Investors of record on Friday, October 30th will be paid a dividend of $0.0384 per share on Monday, November 2nd. This represents a $0.46 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, October 30th. This is a 0.4% increase from Angel Oak Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0382.

Angel Oak Mortgage-Backed Securities ETF Price Performance

Angel Oak Mortgage-Backed Securities ETF stock opened at $8.31 on Friday. Angel Oak Mortgage-Backed Securities ETF has a 1-year low of $8.13 and a 1-year high of $9.16. The firm’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $8.60.

Angel Oak Mortgage-Backed Securities ETF shares are set to reverse split before the market opens on Monday, November 16th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

About Angel Oak Mortgage-Backed Securities ETF

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.