Vanguard Mega Cap ETF (NYSEARCA:MGC) Increases Dividend to $0.60 Per Share

Vanguard Mega Cap ETF (NYSEARCA:MGC) announced a quarterly dividend on Thursday, April 3rd. Stockholders of record on Monday, December 22nd will be given a dividend of 0.5968 per share on Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, December 22nd. This is a 2.9% increase from Vanguard Mega Cap ETF’s previous quarterly dividend of $0.58.

Vanguard Mega Cap ETF Stock Up 1.0%

Shares of NYSEARCA MGC traded up $2.43 during mid-day trading on Friday, reaching $250.86. 85,283 shares of the company were exchanged, compared to its average volume of 141,745. Vanguard Mega Cap ETF has a 52 week low of $173.32 and a 52 week high of $254.46. The company’s 50 day moving average price is $248.61 and its 200 day moving average price is $237.48. The stock has a market capitalization of $8.79 billion, a PE ratio of 26.06 and a beta of 1.01.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.