iShares Global Timber & Forestry ETF (NASDAQ:WOOD) declared a semiannual dividend on Tuesday, December 18th, Wall Street Journal reports. Stockholders of record on Wednesday, December 19th will be paid a dividend of 0.8112 per share on Monday, December 24th. This represents a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, December 18th. This is an increase from iShares Global Timber & Forestry ETF’s previous semiannual dividend of $0.80.
iShares Global Timber & Forestry ETF has raised its dividend payment by an average of 18.3% per year over the last three years.
WOOD traded up $1.22 during trading on Thursday, reaching $62.31. 15,954 shares of the company’s stock were exchanged, compared to its average volume of 16,136. iShares Global Timber & Forestry ETF has a one year low of $55.06 and a one year high of $83.88.
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iShares Global Timber & Forestry ETF, formerly iShares S&P Global Timber & Forestry Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Timber & Forestry Index (the Index). The Index consists of approximately 25 publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands.
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