iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Announces Dividend Increase – $0.08 Per Share

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) declared a monthly dividend on Monday, March 31st, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 0.0752 per share on Friday, April 4th. This represents a $0.90 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a 7.0% increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

Shares of IBTI traded down $0.05 during mid-day trading on Tuesday, hitting $22.20. 213,492 shares of the company’s stock traded hands, compared to its average volume of 206,575. The business’s 50-day moving average price is $22.05 and its 200-day moving average price is $22.07. iShares iBonds Dec 2028 Term Treasury ETF has a 1 year low of $21.47 and a 1 year high of $22.61.

About iShares iBonds Dec 2028 Term Treasury ETF

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.