PowerShares Exchange-Traded Fund Trust II (KBWY) Announces Dividend Increase – $0.22 Per Share

PowerShares Exchange-Traded Fund Trust II (NASDAQ:KBWY) 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 0.2223 per share on Wednesday, January 31st. This represents a $2.67 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Monday, January 22nd. This is a positive change from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.21.

Shares of PowerShares Exchange-Traded Fund Trust II (KBWY) traded up $0.30 on Monday, reaching $34.18. The company had a trading volume of 61,400 shares, compared to its average volume of 135,877. PowerShares Exchange-Traded Fund Trust II has a twelve month low of $33.82 and a twelve month high of $39.30.

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