Materials Select Sector SPDR Fund (XLB) To Go Ex-Dividend on June 22nd

Materials Select Sector SPDR Fund (NYSEARCA:XLB) announced a quarterly dividend on Wednesday, December 31st. Stockholders of record on Monday, June 22nd will be given 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 of this dividend is Monday, June 22nd.

Materials Select Sector SPDR Fund Price Performance

NYSEARCA XLB remained flat at $51.81 on Friday. 11,905,378 shares of the company’s stock traded hands, compared to its average volume of 14,973,823. The business’s 50-day moving average price is $51.37 and its 200-day moving average price is $49.75. Materials Select Sector SPDR Fund has a 12-month low of $42.03 and a 12-month high of $54.14. The company has a market cap of $7.38 billion, a P/E ratio of 24.55 and a beta of 0.91.

About Materials Select Sector SPDR Fund

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