PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) declared a monthly dividend on Tuesday, February 20th, Wall Street Journal reports. Investors of record on Wednesday, February 21st will be given a dividend of 0.0694 per share on Wednesday, February 28th. This represents a $0.83 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Tuesday, February 20th. This is an increase from PowerShares Preferred Portfolio(ETF)’s previous monthly dividend of $0.07.
Shares of PowerShares Preferred Portfoli (NYSEARCA:PGX) traded up $0.03 on Tuesday, reaching $14.37. The company’s stock had a trading volume of 1,194,734 shares, compared to its average volume of 3,051,983. PowerShares Preferred Portfoli has a 1-year low of $14.10 and a 1-year high of $15.20.
TRADEMARK VIOLATION WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/20/powershares-preferred-portfolioetf-pgx-to-issue-monthly-dividend-of-0-07.html.
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.
Receive News & Ratings for PowerShares Preferred Portfolio(ETF) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Preferred Portfolio(ETF) and related companies with MarketBeat.com's FREE daily email newsletter.