PowerShares California AMT-Free Municipal Bond Portfolio (PWZ) Announces Dividend Increase – $0.05 Per Share

PowerShares California AMT-Free Municipal Bond Portfolio (NYSEARCA:PWZ) announced a monthly dividend on Monday, January 22nd, Wall Street Journal reports. Investors of record on Tuesday, January 23rd will be paid a dividend of 0.0533 per share on Wednesday, January 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, January 22nd. This is an increase from PowerShares California AMT-Free Municipal Bond Portfolio’s previous monthly dividend of $0.05.

Shares of PowerShares California AMT-Free Municipal Bond Portfolio (NYSEARCA:PWZ) traded down $0.06 during midday trading on Monday, reaching $26.12. 85,100 shares of the company were exchanged, compared to its average volume of 61,846. PowerShares California AMT-Free Municipal Bond Portfolio has a 1 year low of $25.00 and a 1 year high of $26.50.

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