PowerShares High Yield Corporate Bond Portfolio (PHB) Plans Dividend Increase – $0.06 Per Share

PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB) declared a monthly dividend on Monday, January 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, January 23rd will be given a dividend of 0.0646 per share on Wednesday, January 31st. This represents a $0.78 annualized dividend and a yield of 4.09%. The ex-dividend date is Monday, January 22nd. This is an increase from PowerShares High Yield Corporate Bond Portfolio’s previous monthly dividend of $0.06.

PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB) remained flat at $$18.95 during midday trading on Monday. 704,200 shares of the company’s stock were exchanged, compared to its average volume of 1,263,646. PowerShares High Yield Corporate Bond Portfolio has a one year low of $18.55 and a one year high of $19.14.

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