Highland/iBoxx Senior Loan ETF (NASDAQ:SNLN) declared a monthly dividend on Wednesday, May 15th, Wall Street Journal reports. Investors of record on Thursday, May 16th will be given a dividend of 0.0853 per share on Friday, May 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Highland/iBoxx Senior Loan ETF’s previous monthly dividend of $0.08.
Highland/iBoxx Senior Loan ETF has increased its dividend payment by an average of 3.1% annually over the last three years.
SNLN stock traded down $0.06 during midday trading on Wednesday, hitting $17.71. The company’s stock had a trading volume of 117,188 shares, compared to its average volume of 280,627. Highland/iBoxx Senior Loan ETF has a 52-week low of $16.62 and a 52-week high of $18.30.
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