HYG ETF Sets November Distribution at $0.4014 per Share

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) set its November distribution at $0.401391 per share, 17.5% above October’s amount, with payment scheduled for Nov. 5.

The distribution rounds to $0.4014 per share. It is $0.059752 higher than October’s $0.341639 distribution. The fund declared the payment on Oct. 30.

Nov. 2 is both the ex-dividend date and the record date. The record date determines which shareholders qualify for the payment; the ex-dividend date marks when a buyer is no longer entitled to receive it. The fund’s schedule lists Nov. 5 as the payment date.

The full November distribution is classified as income. The fund lists no short-term or long-term capital gains and no return of capital in the amount.

HYG seeks to track an index of U.S. dollar-denominated high-yield corporate bonds. Its 30-day SEC yield was 7.38% as of Oct. 29; that yield is a separate measure from the per-share distribution.