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.
ILLEGAL ACTIVITY NOTICE: “PowerShares High Yld. Dividend Achv(ETF) (PEY) to Issue Dividend Increase – $0.06 Per Share” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/21/powershares-high-yld-dividend-achvetf-pey-to-issue-dividend-increase-0-06-per-share.html.
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.
Receive News & Ratings for PowerShares High Yld. Dividend Achv(ETF) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares High Yld. Dividend Achv(ETF) and related companies with MarketBeat.com's FREE daily email newsletter.