The NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) has declared a monthly dividend of $0.3374 per share, scheduled for distribution to stockholders on November 28, 2023. Investors who hold shares as of the record date of November 26, 2023, will receive this payment. This dividend represents an annualized yield of 8.0%, highlighting the fund’s commitment to providing income to its investors.
The announcement came during trading hours on November 25, 2023, as reported by NASDAQ Dividends. Following the announcement, shares of the NEOS ETF experienced a slight decline, trading down $0.30 to reach $50.31. The trading volume for the day was 10,928 shares, which is below the average volume of 16,801 shares.
Stock Performance and Market Position
The NEOS Enhanced Income Credit Select ETF has shown a 52-week trading range with a low of $46.95 and a high of $52.35. Currently, the fund’s 50-day moving average price stands at $50.55, while its 200-day moving average price is $50.41. These figures indicate a stable performance within the current market conditions.
Investors and analysts will be watching closely as the ex-dividend date of November 26, 2023 approaches, which is pivotal for those interested in acquiring shares to qualify for this dividend. The NEOS Enhanced Income Credit Select ETF continues to attract attention due to its attractive yield and consistent dividends, positioning itself as a viable option for income-focused investors.
The fund’s strategic focus on enhancing income through credit investments has garnered interest, especially in a fluctuating economic landscape. As the management team executes their investment strategy, stakeholders will be keen to assess how effectively the ETF can deliver on its income promises in the coming months.
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