PowerShares Fin. Preferred Port. (ETF) (PGF) Announces Monthly Dividend of $0.09
PowerShares Fin. Preferred Port. (ETF) (NYSE:PGF) declared a monthly dividend on Wednesday, January 15th, Stock Ratings Network.com reports. Investors of record on Friday, January 17th will be given a dividend of 0.0906 per share on Friday, January 31st. This represents a $1.09 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Wednesday, January 15th.
On a related note, analysts at CIBC raised their price target on shares of PowerShares Fin. Preferred Port. (ETF) from $6.50 to $7.00 in a research note to investors on Friday, November 8th. They now have a “sector perform” rating on the stock.
PowerShares Financial Preferred Portfolio (NYSE:PGF) is a non-diversified fund.
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