iBonds Sep 2020 Term Muni Bond ETF (NYSEARCA:IBMI) announced a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, June 4th will be given a dividend of 0.0293 per share on Friday, June 7th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, June 3rd. This is an increase from iBonds Sep 2020 Term Muni Bond ETF’s previous monthly dividend of $0.03.
Shares of IBMI stock traded up $0.02 during midday trading on Wednesday, reaching $25.56. 35,289 shares of the company were exchanged, compared to its average volume of 43,456. The business has a 50 day simple moving average of $25.51. iBonds Sep 2020 Term Muni Bond ETF has a 12 month low of $25.17 and a 12 month high of $25.57.
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