PROSHARES TR/SHORT BASIC MATL (SBM) Plans Quarterly Dividend of $0.02

PROSHARES TR/SHORT BASIC MATL (NYSEARCA:SBM) declared a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Shareholders of record on Thursday, March 21st will be given a dividend of 0.0208 per share on Wednesday, March 27th. This represents a $0.08 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, March 20th.

SBM stock traded down $0.07 during trading on Wednesday, hitting $18.79. 300 shares of the company’s stock traded hands, compared to its average volume of 863. PROSHARES TR/SHORT BASIC MATL has a 52 week low of $17.13 and a 52 week high of $22.14.

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ProShares Short Basic Materials (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. The Fund invests in derivatives as a substitute for directly shorting stocks in order to gain inverse exposure to the Index.

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