WisdomTree Domestic Dividend ETFs change to monthly dividend distribution
WisdomTree has changed the dividend distribution schedule from quarterly to monthly for the remaining four domestic equity funds in its Domestic Dividend ETF family.
The WisdomTree Total Dividend Fund, The WisdomTree LargeCap Dividend Fund, The WisdomTree MidCap Dividend Fund and The WisdomTree SmallCap Dividend Fund are scheduled to make their first monthly distribution on ex-date 26 November, 2012.
The WisdomTree Dividend ex-Financials Fund and The WisdomTree Equity Income Fund changed from quarterly to monthly dividend distributions in July 2012.
“We are pleased to announce that with the addition of these four funds, our entire family of domestic dividend ETFs will now make monthly dividend distributions,” says Jonathan Steinberg, WisdomTree chief executive and president. “We believe the new payment schedule will be well received by fund shareholders, particularly by those investors seeking more frequent income distributions from our dividend-focused funds.”
The funds will continue to be offered on the NYSE Arca under their existing ticker symbols. The investment objectives and fee structure will remain unchanged.
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