VanEck Vectors Short Municipal ETF (NYSEARCA:SMB) Raises Dividend to $0.02 Per Share

VanEck Vectors Short Municipal ETF (NYSEARCA:SMB) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Tuesday, April 2nd will be given a dividend of 0.024 per share on Friday, April 5th. This represents a $0.29 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, April 1st. This is a positive change from VanEck Vectors Short Municipal ETF’s previous monthly dividend of $0.02.

VanEck Vectors Short Municipal ETF stock traded up $0.02 during mid-day trading on Wednesday, reaching $17.52. The company had a trading volume of 27,387 shares, compared to its average volume of 46,113. VanEck Vectors Short Municipal ETF has a 52 week low of $17.05 and a 52 week high of $17.57.

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About VanEck Vectors Short Municipal ETF

Market Vectors Short Municipal Index ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Barclays Capital AMT-Free Short Continuous Municipal Index (the Index). The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 1 to 6 years.

Further Reading: Depreciation

Dividend History for VanEck Vectors Short Municipal ETF (NYSEARCA:SMB)

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