VanEck Sets SHYD's November Distribution at $0.0693 Per Share

VanEck declared a monthly distribution of $0.0693 per share for VanEck Short High Yield Muni ETF (SHYD) on Oct. 30, raising the payout from October’s $0.0639 per share. Payment is scheduled for Nov. 5.

The fund set Nov. 2 as both the ex-dividend date and the record date. The record date determines which shareholders qualify for a distribution.

SHYD’s prior $0.0639-per-share distribution had an Oct. 1 ex-dividend and record date and was paid Oct. 6. The fund seeks to track a benchmark of U.S. dollar-denominated, high-yield tax-exempt municipal bonds with nominal maturities of one to 12 years, before fees and expenses.