PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) announced a monthly dividend on Monday, December 18th, Wall Street Journal reports. Stockholders of record on Tuesday, December 19th will be paid a dividend of 0.068 per share on Friday, December 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Monday, December 18th.

Shares of PowerShares Preferred Portfoli (PGX) traded down $0.01 on Tuesday, hitting $14.96. 2,721,300 shares of the stock were exchanged, compared to its average volume of 1,792,339. PowerShares Preferred Portfoli has a 52-week low of $14.07 and a 52-week 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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