iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) to Issue Monthly Dividend of $0.14

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) announced a monthly dividend on Monday, March 31st, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 0.1408 per share on Friday, April 4th. This represents a $1.69 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a 2.7% increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN traded down $0.10 on Tuesday, reaching $26.69. 1,020,879 shares of the company were exchanged, compared to its average volume of 759,095. The company has a 50-day moving average of $26.97 and a 200-day moving average of $27.01. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43.

iShares Fallen Angels USD Bond ETF Company Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.