PowerShares Variable Rate Investment Grade Portfolio (NASDAQ:VRIG) declared a monthly dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Tuesday, December 19th will be paid a dividend of 0.055 per share on Friday, December 29th. This represents a $0.66 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, December 18th.

Shares of PowerShares Variable Rate Investment Grade Portfolio (NASDAQ:VRIG) traded down $0.01 during mid-day trading on Monday, reaching $25.15. 29,253 shares of the company’s stock were exchanged, compared to its average volume of 40,185. PowerShares Variable Rate Investment Grade Portfolio has a 52-week low of $24.98 and a 52-week high of $25.35.

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