Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Plans Quarterly Dividend of $0.60

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) announced a quarterly dividend on Friday, March 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, March 26th will be given a dividend of 0.5963 per share on Thursday, March 28th. This represents a $2.39 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Monday, March 25th. This is a positive change from Vanguard Mega Cap Value ETF’s previous quarterly dividend of $0.51.

NYSEARCA:MGV traded down $0.04 on Monday, reaching $79.46. 104,442 shares of the stock traded hands, compared to its average volume of 165,695. Vanguard Mega Cap Value ETF has a 1-year low of $66.82 and a 1-year high of $82.04.

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About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index.

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Dividend History for Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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