PowerShares Exchange-Traded Fund Trust II (PBND) Declares Monthly Dividend of $0.05

PowerShares Exchange-Traded Fund Trust II (BATS:PBND) announced a monthly dividend on Monday, January 22nd, Wall Street Journal reports. Stockholders of record on Tuesday, January 23rd will be paid a dividend of 0.0534 per share on Wednesday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Monday, January 22nd. This is an increase from PowerShares Exchange-Traded Fund Trust II’s previous monthly dividend of $0.05.

Shares of PowerShares Exchange-Traded Fund Trust II (BATS:PBND) traded down $0.04 during mid-day trading on Monday, hitting $24.81. The stock had a trading volume of 4,700 shares. PowerShares Exchange-Traded Fund Trust II has a 12-month low of $24.68 and a 12-month high of $25.09.

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