PowerShares Dynamic Oil Services (BMV:PXJ) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Investors of record on Tuesday, December 19th will be paid a dividend of 0.198 per share on Friday, December 29th. This represents a $0.79 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date is Monday, December 18th.

PowerShares Dynamic Oil Services (PXJ) traded down $0.03 during trading on Monday, reaching $8.98.

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