PowerShares Preferred Portfolio(ETF) (PGX) Plans $0.07 Monthly Dividend

PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Tuesday, November 21st will be given a dividend of 0.0681 per share on Thursday, November 30th. This represents a $0.82 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, November 20th.

PowerShares Preferred Portfoli (NYSEARCA:PGX) traded up $0.03 during mid-day trading on Monday, hitting $14.98. 1,777,196 shares of the stock traded hands, compared to its average volume of 1,814,210. PowerShares Preferred Portfoli has a 1 year low of $13.96 and a 1 year high of $15.20.

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PowerShares Preferred Portfolio(ETF) Company Profile

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.

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