iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Increases Dividend to $0.14 Per Share

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) announced a monthly dividend on Thursday, October 31st, NASDAQ reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.1409 per share on Wednesday, November 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Friday, November 1st. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN traded down $0.19 during trading hours on Friday, hitting $26.70. The company’s stock had a trading volume of 1,349,117 shares, compared to its average volume of 707,826. The stock has a fifty day moving average of $27.15 and a 200-day moving average of $26.70. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.70 and a 52-week high of $27.43.

About iShares Fallen Angels USD Bond ETF

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.