iShares S&P/TSX 60 Index ETF (TSE:XIU)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$31.56 and last traded at C$31.56, with a volume of 889683 shares changing hands. The stock had previously closed at C$31.23.
The stock has a fifty day simple moving average of C$31.00 and a 200-day simple moving average of C$30.22.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Thursday, August 26th were issued a $0.204 dividend. The ex-dividend date of this dividend was Wednesday, August 25th. This is an increase from iShares S&P/TSX 60 Index ETF’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a yield of 2.59%.
iShares S&P/TSX 60 Index Fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX 60 Index through investments in the constituent issuers of such index, net of expenses. The Index is comprised of 60 of the largest (by market capitalization) and liquid securities listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.
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