PowerShares Fin. Preferred Port. (NYSE:PGF) declared a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Tuesday, October 24th will be paid a dividend of 0.0841 per share by the exchange traded fund on Tuesday, October 31st. This represents a $1.01 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Monday, October 23rd.

PowerShares Fin. Preferred Port. has decreased its dividend payment by an average of 1.8% annually over the last three years.

Shares of PowerShares Fin. Preferred Port. (PGF) traded up 0.18% during trading on Monday, hitting $18.92. The stock had a trading volume of 153,159 shares. The stock’s 50 day moving average price is $18.95 and its 200-day moving average price is $18.98. PowerShares Fin. Preferred Port. has a one year low of $17.65 and a one year high of $19.17.

ILLEGAL ACTIVITY WARNING: “PowerShares Fin. Preferred Port. (PGF) Plans Monthly Dividend of $0.08” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/23/powershares-fin-preferred-port-pgf-plans-monthly-dividend-of-0-08.html.

Several research firms have recently issued reports on PGF. Royal Bank Of Canada reaffirmed a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research report on Monday, September 18th. Canaccord Genuity reaffirmed a “sell” rating on shares of PowerShares Fin. Preferred Port. in a research report on Thursday.

PowerShares Fin. Preferred Port. Company Profile

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.

Dividend History for PowerShares Fin. Preferred Port. (NYSE:PGF)

Receive News & Ratings for PowerShares Fin. Preferred Port. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Fin. Preferred Port. and related companies with MarketBeat.com's FREE daily email newsletter.