Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Raises Dividend to $0.38 Per Share

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) declared a quarterly dividend on Wednesday, December 31st. Shareholders of record on Monday, June 22nd will be given a dividend of 0.3811 per share on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, June 22nd. This is a 40.6% increase from Real Estate Select Sector SPDR Fund’s previous quarterly dividend of $0.27.

Real Estate Select Sector SPDR Fund Price Performance

XLRE opened at $43.86 on Friday. The firm has a market capitalization of $7.85 billion, a P/E ratio of 39.18 and a beta of 0.98. The stock has a fifty day moving average of $44.12 and a 200-day moving average of $42.47. Real Estate Select Sector SPDR Fund has a 12-month low of $39.72 and a 12-month high of $45.65.

About Real Estate Select Sector SPDR Fund

The Real Estate Select Sector SPDR Fund (XLRE) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index, a market-cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. XLRE was launched on Oct 7, 2015 and is managed by State Street.