VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) to Issue Monthly Dividend of $0.17

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) declared a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.1745 per share on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Wednesday, April 1st. This is a 24.2% increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.14.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.0%

Shares of ANGL stock traded up $0.01 during mid-day trading on Wednesday, hitting $28.73. 1,607,073 shares of the company’s stock were exchanged, compared to its average volume of 997,621. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44. The stock has a 50-day simple moving average of $29.29 and a two-hundred day simple moving average of $29.41. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.92 and a fifty-two week high of $29.77.

About VanEck Fallen Angel High Yield Bond ETF

The VanEck Fallen Angel High Yield Bond ETF (ANGL) 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. ANGL was launched on Apr 10, 2012 and is managed by VanEck.