Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) to Issue Monthly Dividend of $0.22

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) announced a monthly dividend on Tuesday, March 31st. Investors of record on Wednesday, April 1st will be given a dividend of 0.2222 per share by the exchange traded fund on Wednesday, April 8th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 8.8% increase from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.20.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

NYSEARCA FXB opened at $127.35 on Wednesday. Invesco CurrencyShares British Pound Sterling Trust has a 12 month low of $122.23 and a 12 month high of $133.11. The company’s 50 day moving average is $129.73 and its two-hundred day moving average is $128.85.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.