iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Plans Dividend Increase – $0.54 Per Share

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) declared a quarterly dividend on Monday, December 15th. Stockholders of record on Tuesday, December 16th will be given a dividend of 0.5403 per share on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a 28.3% increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ:IMCV opened at $83.54 on Tuesday. The firm’s 50 day simple moving average is $80.40 and its 200 day simple moving average is $78.70. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $64.02 and a fifty-two week high of $84.14. The company has a market capitalization of $906.41 million, a price-to-earnings ratio of 16.35 and a beta of 0.96.

About iShares Morningstar Mid-Cap Value ETF

The iShares Morningstar Mid-Cap Value ETF (IMCV) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Value index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their value characteristics. IMCV was launched on Jun 28, 2004 and is managed by BlackRock.