High-Yield Floating-Rate ETFs

High-Yield Floating-Rate ETFs - TheStreet

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Floating rate bonds are a unique debt instrument that use two components to arrive at a final yield: a variable component (tied to a reference rate), and a spread. The combination of these two components is the total yield, which will fluctuate (or float) over time.

Investors that are looking to minimize interest rate risk might find a floating rate bond -- or floating rate bond ETF -- attractive. Here are several floating-rate bond ETF options (that vary in yield): iShares Floating Rate ETF, Market Vectors Floating Rate ETF and Eaton Vance Senior Floating Rate Trust.

Look to the press releases and stories below for announcements of new, high-yield floating-rate ETFs:

Floating Rate ETF News

On 5/26/17, Wells Fargo & Co.'s 5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q will trade ex-dividend, for its quarterly dividend of $0.3656, payable on 6/15/17. As a percentage of WFC.
5/24/17 1:35PM
On 5/26/17, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D will trade ex-dividend, for its quarterly dividend of $0.3687, payable on 6/15/17. As a percentage of STT.
5/24/17 1:34PM
Looking at the universe of stocks we cover at Dividend Channel, on 5/17/17, Pennantpark Floating Rate Capital will trade ex-dividend, for its monthly dividend of $0.095, payable on 6/1/17. As a percentage of PFLT's recent stock price of $14.04, this dividend works out to approximately 0.68%, so look for shares of Pennantpark Floating Rate Capital to trade 0.68% lower — all else being equal — when PFLT shares open for trading on 5/17/17.
5/15/17 10:08AM
On 5/11/17, Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 2 will trade ex-dividend, for its quarterly dividend of $0.1854, payable on 5/30/17. As a percentage of BML.
5/9/17 1:37PM
Ellington Financial LLC (NYSE: EFC) today reported financial results for the quarter ended March 31, 2017.
5/4/17 4:48PM
Wall Street ended its first session of May mostly higher as tech stocks boosted the Nasdaq and a congressional funding deal brought relief to the S&P 500.
5/1/17 4:17PM
VanEck announced today its regular distributions per share for the VanEck Vectors ® municipal income and income-oriented exchange-traded funds.
4/28/17 5:30PM
The Howard Hughes Corporation (NYSE:HHC): This Smart News Release features multimedia.
4/27/17 7:00AM