Materials Select Sector SPDR (NYSEARCA:XLB) announced a quarterly dividend on Friday, March 16th, Wall Street Journal reports. Investors of record on Monday, March 19th will be paid a dividend of 0.226 per share by the exchange traded fund on Wednesday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, March 16th.
Shares of Materials Select Sector SPDR (NYSEARCA:XLB) traded down $0.23 during trading on Friday, reaching $59.15. The company had a trading volume of 5,526,377 shares, compared to its average volume of 7,572,136. Materials Select Sector SPDR has a 1-year low of $51.04 and a 1-year high of $64.17. The company has a market capitalization of $5,020.00 and a P/E ratio of -7.94.
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Materials Select Sector SPDR Company Profile
Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials.
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