Technology Select Sector SPDR Fund (XLK) Declares Dividend Increase – $0.22 Per Share

Technology Select Sector SPDR Fund (NYSEARCA:XLK) declared a quarterly dividend on Friday, June 16th, Wall Street Journal reports. Stockholders of record on Tuesday, June 20th will be given a dividend of 0.2234 per share by the exchange traded fund on Monday, June 26th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, June 16th. This is a positive change from Technology Select Sector SPDR Fund’s previous quarterly dividend of $0.21.

Technology Select Sector SPDR Fund (XLK) traded down 0.17% on Friday, hitting $55.25. 20,995,471 shares of the stock were exchanged. Technology Select Sector SPDR Fund has a 52 week low of $41.26 and a 52 week high of $57.62. The company’s 50-day moving average is $55.78 and its 200-day moving average is $52.26. Technology Select Sector SPDR Fund also was the recipient of unusually large options trading on Tuesday. Investors bought 2,138 put options on the company. This represents an increase of 106% compared to the typical volume of 1,038 put options.

Dividend History for Technology Select Sector SPDR Fund (NYSEARCA:XLK)

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Technology Select Sector SPDR Fund Company Profile

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index.

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