Vanguard Intermediate-Term Bond ETF (BIV) to Issue Dividend Increase – $0.20 Per Share

Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) announced a monthly dividend on Monday, April 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, April 3rd will be paid a dividend of 0.1952 per share on Thursday, April 5th. This represents a $2.34 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, April 2nd. This is an increase from Vanguard Intermediate-Term Bond ETF’s previous monthly dividend of $0.17.

BIV stock traded up $0.09 during trading on Tuesday, reaching $81.44. 296,544 shares of the stock were exchanged, compared to its average volume of 798,616. Vanguard Intermediate-Term Bond ETF has a twelve month low of $80.87 and a twelve month high of $85.85.

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About Vanguard Intermediate-Term Bond ETF

Vanguard Intermediate-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 5-10 Year Government/Credit Bond Index (the Index).

Dividend History for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

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