PowerShares Variable Rate Investment Grade Portfolio (VRIG) to Issue Monthly Dividend of $0.05

PowerShares Variable Rate Investment Grade Portfolio (NASDAQ:VRIG) 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 0.0489 per share on Wednesday, January 31st. This represents a $0.59 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, January 22nd.

PowerShares Variable Rate Investment Grade Portfolio (NASDAQ:VRIG) traded down $0.04 during trading on Monday, reaching $25.20. The company’s stock had a trading volume of 111,368 shares, compared to its average volume of 172,654. PowerShares Variable Rate Investment Grade Portfolio has a 1 year low of $25.00 and a 1 year high of $25.35.

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