ProShares Ultra Basic Materials (NYSEARCA:UYM) declared a quarterly dividend on Thursday, September 27th, Wall Street Journal reports. Stockholders of record on Thursday, September 27th will be paid a dividend of 0.0802 per share on Wednesday, October 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Wednesday, September 26th. This is a positive change from ProShares Ultra Basic Materials’s previous quarterly dividend of $0.07.

Shares of UYM traded down $2.18 during mid-day trading on Thursday, reaching $67.76. 2,859 shares of the company were exchanged, compared to its average volume of 7,346. ProShares Ultra Basic Materials has a 52 week low of $60.40 and a 52 week high of $82.75.

ProShares Ultra Basic Materials Company Profile

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.

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