Materials Select Sector SPDR Fund (NYSEARCA:XLB) to Issue Quarterly Dividend of $0.19

Materials Select Sector SPDR Fund (NYSEARCA:XLB) announced a quarterly dividend on Wednesday, December 31st. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.1932 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 22nd.

Materials Select Sector SPDR Fund Price Performance

XLB opened at $51.81 on Friday. The firm has a market cap of $7.38 billion, a PE ratio of 24.55 and a beta of 0.91. The business has a fifty day simple moving average of $51.37 and a 200-day simple moving average of $49.75. Materials Select Sector SPDR Fund has a fifty-two week low of $42.03 and a fifty-two week high of $54.14.

Materials Select Sector SPDR Fund Company Profile

Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials. The Fund’s investment advisor is SSgA Funds Management, Inc