iShares Preferred and Income Securities ETF (NASDAQ:PFF) Increases Dividend to $0.14 Per Share

iShares Preferred and Income Securities ETF (NASDAQ:PFF) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.1417 per share on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, July 1st. This is a 2.4% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

iShares Preferred and Income Securities ETF Stock Performance

Shares of PFF stock traded down $0.02 during trading hours on Wednesday, hitting $30.47. The company had a trading volume of 3,402,015 shares, compared to its average volume of 3,421,706. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a 12 month low of $30.10 and a 12 month high of $32.26. The firm’s fifty day moving average is $31.21 and its 200 day moving average is $31.21.

About iShares Preferred and Income Securities ETF

iShares U.S. Preferred Stock ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results, which correspond to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index (the Underlying Index). The Underlying Index measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (NYSE), NYSE Arca, Inc (NYSE Arca), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).