SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) Plans Dividend Increase – $0.75 Per Share

SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) declared a monthly dividend on Tuesday, December 19th, Wall Street Journal reports. Investors of record on Wednesday, December 20th will be given a dividend of 0.7507 per share by the exchange traded fund on Thursday, December 28th. This represents a $9.01 dividend on an annualized basis and a yield of 17.31%. The ex-dividend date is Tuesday, December 19th. This is a positive change from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.13.

Shares of SPDR Barclays Capital Convertible SecETF (CWB) opened at $52.04 on Friday. SPDR Barclays Capital Convertible SecETF has a 52 week low of $46.10 and a 52 week high of $52.67.

A number of research analysts have recently weighed in on CWB shares. Scotiabank restated a “buy” rating and set a $42.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th. Finally, Canaccord Genuity restated a “hold” rating and set a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st.

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SPDR Barclays Capital Convertible SecETF Company Profile

SPDR Barclays Convertible Securities ETF, formerly SPDR Barclays Capital Convertible Securities ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities. In seeking to track the performance of the Barclays Capital U.S.

Dividend History for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

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