iShares Convertible Bond Index ETF Common Plans Monthly Dividend of $0.07 (TSE:CVD)

iShares Convertible Bond Index ETF Common (TSE:CVD) announced a monthly dividend on Wednesday, August 26th, TickerTech Dividends reports. Stockholders of record on Monday, August 31st will be paid a dividend of 0.075 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, August 26th.

iShares Convertible Bond Index ETF Common Stock Performance

Shares of CVD opened at C$18.18 on Thursday. The company’s fifty day simple moving average is C$18.26 and its 200 day simple moving average is C$18.24. iShares Convertible Bond Index ETF Common has a 1-year low of C$17.81 and a 1-year 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.