VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Declares Dividend Increase – $0.16 Per Share

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) announced a monthly dividend on Wednesday, July 31st, NASDAQ reports. Shareholders of record on Thursday, August 1st will be paid a dividend of 0.1573 per share on Tuesday, August 6th. This represents a $1.89 annualized dividend and a yield of 6.58%. The ex-dividend date is Thursday, August 1st. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL traded down $0.04 on Thursday, hitting $28.69. 836,385 shares of the stock were exchanged, compared to its average volume of 1,115,046. The business’s fifty day moving average is $28.55 and its 200 day moving average is $28.66. The company has a market capitalization of $3.00 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Company Profile

The VanEck Fallen Angel High Yield Bond ETF (ANGL) 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. ANGL was launched on Apr 10, 2012 and is managed by VanEck.