PowerShares Fin. Preferred Port. (NYSE:PGF) to Issue Monthly Dividend of $0.08
PowerShares Fin. Preferred Port. (NYSE:PGF) announced a monthly dividend on Friday, July 14th, Wall Street Journal reports. Stockholders of record on Tuesday, July 18th will be given a dividend of 0.0842 per share by the exchange traded fund on Monday, July 31st. This represents a $1.01 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, July 14th. This is a boost from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08.
PowerShares Fin. Preferred Port. has decreased its dividend by an average of 1.8% annually over the last three years.
Shares of PowerShares Fin. Preferred Port. (NYSE PGF) traded up 0.18% during mid-day trading on Friday, reaching $19.03. 307,247 shares of the company traded hands. PowerShares Fin. Preferred Port. has a 52 week low of $17.65 and a 52 week high of $19.56. The firm has a 50 day moving average of $19.01 and a 200-day moving average of $18.62.
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About PowerShares Fin. Preferred Port.
PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.
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