The NEOS Enhanced Income Credit Select ETF (NASDAQ: HYBI) has announced a monthly dividend of $0.3374 per share, set to be distributed on November 28, 2023. Stockholders on record as of November 26, 2023, will receive this dividend, which translates to an annualized yield of approximately 8.0%. The ex-dividend date is also scheduled for November 26.
Market Performance Overview
On the day of the announcement, shares of HYBI experienced a decline of $0.30, bringing the stock price to $50.31 during midday trading. A total of 10,928 shares changed hands, which is below the average trading volume of 16,801 shares. Over the past year, the ETF has recorded a low of $46.95 and a high of $52.35. Currently, the 50-day moving average for the ETF stands at $50.55, while the 200-day moving average is at $50.41.
The NEOS Enhanced Income Credit Select ETF is designed to provide investors with enhanced income through a diversified portfolio. The recent dividend announcement underscores the fund’s commitment to delivering returns to its shareholders amidst fluctuating market conditions.
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