'SOL US Dividend Dow Jones ETF' First Monthly Dividend Payment
[Asia Economy Reporter Park So-yeon] Shinhan Asset Management's 'SOL US Dividend Dow Jones' has paid its first monthly distribution.
Shinhan Asset Management announced on the same day that investors who purchased and held the SOL US Dividend Dow Jones ETF by December 27 of last year will receive a distribution of 36 KRW per share on the first business day, the 2nd.
The time of distribution deposit may vary depending on the securities firm's policy. Going forward, investors can receive monthly distributions on a similar schedule.
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Kim Jeong-hyun, Head of the ETF Management Center at Shinhan Asset Management, said, "This distribution is the first since listing, and since it utilized 1.5 months of distribution resources, the distribution paid exceeded the expected dividend yield. Although it may not be the same every month, it has recorded a dividend yield similar to SCHD (a representative US exchange-traded fund) so far, and we will continue to maintain a consistent distribution level by leveraging our monthly dividend management know-how."
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