iShares S&P 500 Value ETF (NYSEARCA:IVE) announced a quarterly dividend on Monday, June 17th, Wall Street Journal reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.6465 per share on Friday, June 21st. This represents a $2.59 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, June 17th. This is an increase from iShares S&P 500 Value ETF’s previous quarterly dividend of $0.64.
NYSEARCA:IVE opened at $115.18 on Wednesday. iShares S&P 500 Value ETF has a fifty-two week low of $94.72 and a fifty-two week high of $118.81.
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iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics.
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