FlexShares Ready Access Variable Income Fund (RAVI) to Issue Dividend Increase – $0.11 Per Share
FlexShares Ready Access Variable Income Fund (NYSEARCA:RAVI) declared a monthly dividend on Friday, December 22nd, Wall Street Journal reports. Shareholders of record on Friday, December 22nd will be given a dividend of 0.1138 per share on Thursday, December 28th. This represents a $1.37 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, December 21st. This is an increase from FlexShares Ready Access Variable Income Fund’s previous monthly dividend of $0.09.
FlexShares Ready Access Variable Income Fund (NYSEARCA:RAVI) traded up $0.02 during trading on Friday, reaching $75.38. 20,983 shares of the company’s stock were exchanged, compared to its average volume of 14,476. FlexShares Ready Access Variable Income Fund has a 52-week low of $74.89 and a 52-week high of $76.30.
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