iShares Fallen Angels USD Bond ETF (FALN) to Issue Monthly Dividend of $0.14 on December 23rd

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) announced a monthly dividend on Tuesday, December 17th,NASDAQ Dividends reports. Stockholders of record on Wednesday, December 18th will be given a dividend of 0.1371 per share on Monday, December 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Wednesday, December 18th.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock opened at $26.64 on Thursday. The company’s fifty day moving average price is $27.08 and its 200 day moving average price is $26.88. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Company Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.