Arrow Dow Jones Global Yield ETF (GYLD) to Issue Monthly Dividend of $0.05 on October 21st

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) announced a monthly dividend on Thursday, October 15th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.0549 per share on Wednesday, October 21st. This represents a $0.66 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, October 16th. This is a 39.4% decrease from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0906.

Arrow Dow Jones Global Yield ETF Stock Down 2.1%

NYSE:GYLD traded down $0.28 during trading hours on Friday, reaching $13.03. 5,242 shares of the stock were exchanged, compared to its average volume of 15,862. The company has a market capitalization of $38.05 million, a price-to-earnings ratio of 11.13 and a beta of 0.57. The business has a 50-day moving average of $14.03 and a two-hundred day moving average of $14.13. Arrow Dow Jones Global Yield ETF has a twelve month low of $12.88 and a twelve month high of $14.81.

Arrow Dow Jones Global Yield ETF Company Profile

The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.