NEWARK, DE — The SonicShares™ Global Shipping ETF (NYSE Arca: BOAT) has announced its tenth consecutive quarterly dividend. Since its inception, BOAT has consistently rewarded its shareholders, underscoring its commitment to delivering on its investment promises.
The recent dividend amounted to $0.7477 per share, representing a robust yield of 12.89%. This is considerably higher than the 30-Day SEC Yield of 8.72%, suggesting that BOAT’s dividend strategy is outperforming the broader market. The dividend was paid on December 29, 2023, with an ex-date and record date of December 26 and 27, respectively.
A glance at BOAT’s dividend history reveals a pattern of consistent payouts, with amounts varying from as low as $0.0520 per share in September 2021 to as high as $2.4471 per share in June 2023. This suggests a strong cash flow situation for the fund, which is a positive sign for current and prospective investors.
Investors will likely appreciate this latest dividend announcement from BOAT, as it signals the fund’s ability to generate steady returns despite the dynamic nature of the global shipping industry. Given the current tensions in Red Sea shipping lanes, the fund’s resilience and ability to maintain its dividend streak are particularly noteworthy.
As the global shipping industry continues to navigate these choppy waters, BOAT’s consistent dividend payouts could be a beacon for investors seeking stability and reliable returns. The fund’s performance thus far suggests that it is well positioned to weather industry challenges and deliver value to its shareholders.
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