SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)’s stock is scheduled to reverse split before the market opens on Monday, May 6th. The 1-3 reverse split was announced on Wednesday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 3rd.
Shares of NYSEARCA JNK traded down $0.07 during midday trading on Monday, reaching $107.33. 5,018,663 shares of the company’s stock traded hands, compared to its average volume of 5,246,788. SPDR Bloomberg Barclays High Yield Bond ETF has a one year low of $98.76 and a one year high of $108.87.
The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were paid a $0.1708 dividend. This represents a $2.05 annualized dividend and a yield of 1.91%. This is an increase from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, May 1st.
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SPDR Bloomberg Barclays High Yield Bond ETF Company Profile
SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.
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