PowerShares Fin. Preferred Port. (NYSEARCA:PGF) announced a monthly dividend on Monday, January 22nd, Wall Street Journal reports. Investors of record on Tuesday, January 23rd will be paid a dividend of 0.08 per share by the exchange traded fund on Wednesday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Monday, January 22nd.
PowerShares Fin. Preferred Port. (NYSEARCA:PGF) traded down $0.03 during mid-day trading on Wednesday, reaching $18.30. The company’s stock had a trading volume of 326,304 shares, compared to its average volume of 522,281. The company has a market capitalization of $1,610.00 and a price-to-earnings ratio of 12.14. PowerShares Fin. Preferred Port. has a 52-week low of $18.01 and a 52-week high of $19.17.
Several research analysts have weighed in on the company. Canaccord Genuity reiterated a “sell” rating and set a $1.00 target price on shares of PowerShares Fin. Preferred Port. in a report on Thursday, January 18th. AltaCorp Capital restated a “hold” rating and issued a $1.15 price target on shares of PowerShares Fin. Preferred Port. in a report on Tuesday, January 16th. Finally, Royal Bank of Canada restated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a report on Monday, October 23rd.
TRADEMARK VIOLATION NOTICE: “PowerShares Fin. Preferred Port. (PGF) Plans Monthly Dividend of $0.08” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/14/powershares-fin-preferred-port-pgf-declares-monthly-dividend-of-0-08.html.
PowerShares Fin. Preferred Port. Company Profile
PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.
Receive News & Ratings for PowerShares Fin. Preferred Port. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Fin. Preferred Port. and related companies with MarketBeat.com's FREE daily email newsletter.