PowerShares CEF Income Composite ETF (PCEF) Declares $0.13 Monthly Dividend

PowerShares CEF Income Composite ETF (NYSEARCA:PCEF) announced a monthly dividend on Monday, December 18th, Wall Street Journal reports. Stockholders of record on Tuesday, December 19th will be given a dividend of 0.1295 per share on Friday, December 29th. This represents a $1.55 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend is Monday, December 18th.

PowerShares CEF Income Composite ETF (NYSEARCA:PCEF) remained flat at $$23.73 during mid-day trading on Tuesday. 129,900 shares of the company traded hands, compared to its average volume of 104,171. PowerShares CEF Income Composite ETF has a 12-month low of $22.06 and a 12-month high of $24.24.

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About PowerShares CEF Income Composite ETF

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index.

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