SPDR S&P Regional Banking ETF (NYSEARCA:KRE) declared a quarterly dividend on Friday, March 15th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be paid a dividend of 0.2594 per share by the exchange traded fund on Wednesday, March 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, March 15th.
Shares of NYSEARCA:KRE traded down $0.29 during trading on Friday, reaching $54.81. The company’s stock had a trading volume of 7,249,655 shares, compared to its average volume of 7,213,479. SPDR S&P Regional Banking ETF has a 12 month low of $43.95 and a 12 month high of $66.04.
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SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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