PowerShares High Yld. Dividend Achv(ETF) (PEY) to Issue Dividend Increase – $0.06 Per Share

PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) declared a monthly dividend on Tuesday, February 20th, Wall Street Journal reports. Shareholders of record on Wednesday, February 21st will be paid a dividend of 0.06 per share on Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, February 20th. This is a positive change from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05.

PowerShares High Yld. Dividend Ach (PEY) opened at $17.22 on Wednesday. The stock has a market capitalization of $873.05, a price-to-earnings ratio of 10.90 and a beta of 0.81. PowerShares High Yld. Dividend Ach has a twelve month low of $16.45 and a twelve month high of $18.61.

Separately, AltaCorp Capital reissued a “buy” rating and set a $16.50 price objective on shares of PowerShares High Yld. Dividend Achv(ETF) in a report on Monday, January 15th.

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PowerShares High Yld. Dividend Achv(ETF) Company Profile

PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends.

Dividend History for PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY)

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