PowerShares National AMT-Free Municipal Bond Portfolio (PZA) Increases Dividend to $0.07 Per Share

PowerShares National AMT-Free Municipal Bond Portfolio (NYSEARCA:PZA) declared a monthly dividend on Monday, January 22nd, Wall Street Journal reports. Stockholders of record on Tuesday, January 23rd will be given a dividend of 0.0664 per share on Wednesday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Monday, January 22nd. This is an increase from PowerShares National AMT-Free Municipal Bond Portfolio’s previous monthly dividend of $0.06.

PowerShares National AMT-Free Municipal Bond Portfolio (NYSEARCA:PZA) traded down $0.03 during trading on Monday, hitting $25.61. 302,200 shares of the stock traded hands, compared to its average volume of 321,508. PowerShares National AMT-Free Municipal Bond Portfolio has a 1-year low of $24.72 and a 1-year high of $25.90.

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