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iShares MBS ETF declares monthly distribution of $0.3383
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iShares MBS ETF (NASDAQ:MBB) has declared a monthly distribution of $0.3383, with a 30-Day SEC Yield of 4.22% as of August 28. The distribution is payable on September 5 for shareholders of record on September 2, with an ex-dividend date also on September 2. The current mortgage rates are at a ten-month low, leading to increased purchase demand, while the U.S. yield curve is steepening amid conflicting expectations regarding rate cuts and Federal Reserve independence.
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