PowerShares Preferred Portfolio(ETF) (PGX) Declares Monthly Dividend of $0.07

PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) announced a monthly dividend on Monday, January 22nd, Wall Street Journal reports. Investors of record on Tuesday, January 23rd will be given a dividend of 0.068 per share on Wednesday, January 31st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Monday, January 22nd.

PowerShares Preferred Portfoli (NYSEARCA:PGX) traded up $0.01 during trading hours on Monday, hitting $14.71. The company had a trading volume of 3,195,600 shares, compared to its average volume of 3,573,915. PowerShares Preferred Portfoli has a 12 month low of $14.34 and a 12 month high of $15.20.

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About PowerShares Preferred Portfolio(ETF)

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.

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