iShares Convertible Bond Index ETF Common (TSE:CVD) to Issue Monthly Dividend of $0.08

iShares Convertible Bond Index ETF Common (TSE:CVD) announced a monthly dividend on Tuesday, July 28th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be given a dividend of 0.076 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, July 28th.

iShares Convertible Bond Index ETF Common Stock Performance

Shares of CVD opened at C$18.42 on Friday. iShares Convertible Bond Index ETF Common has a fifty-two week low of C$17.76 and a fifty-two week high of C$18.68. The firm’s 50-day simple moving average is C$18.17 and its two-hundred day simple moving average is C$18.24.

About iShares Convertible Bond Index ETF Common

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada Convertible Bond Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and/or through the use of derivatives, a replicating strategy or sampling strategy.