PowerShares Fin. Preferred Port. (PGF) Plans Monthly Dividend of $0.09
PowerShares Fin. Preferred Port. (NYSEARCA:PGF) announced a monthly dividend on Monday, December 18th, Wall Street Journal reports. Investors of record on Tuesday, December 19th will be given a dividend of 0.088 per share by the exchange traded fund on Friday, December 29th. This represents a $1.06 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Monday, December 18th. This is a positive change from PowerShares Fin. Preferred Port.’s previous monthly dividend of $0.08.
PowerShares Fin. Preferred Port. (PGF) traded down $0.08 during midday trading on Monday, reaching $18.92. The company had a trading volume of 344,211 shares, compared to its average volume of 311,525. PowerShares Fin. Preferred Port. has a 52 week low of $17.78 and a 52 week high of $19.17.
Several research firms recently commented on PGF. Canaccord Genuity reiterated a “sell” rating on shares of PowerShares Fin. Preferred Port. in a report on Thursday, October 19th. Royal Bank of Canada reiterated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a report on Monday, September 18th.
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.
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