iShares Preferred and Income Securities ETF (NASDAQ:PFF) Announces Dividend Increase – $0.17 Per Share

iShares Preferred and Income Securities ETF (NASDAQ:PFF) announced a monthly dividend on Thursday, October 31st, NASDAQ reports. Investors of record on Friday, November 1st will be paid a dividend of 0.1653 per share on Wednesday, November 6th. This represents a $1.98 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Friday, November 1st. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

iShares Preferred and Income Securities ETF Trading Down 0.9 %

Shares of NASDAQ:PFF traded down $0.30 during mid-day trading on Friday, reaching $32.54. The company had a trading volume of 3,800,838 shares, compared to its average volume of 3,984,502. The company’s 50-day moving average price is $32.99 and its 200-day moving average price is $32.04. iShares Preferred and Income Securities ETF has a one year low of $29.15 and a one year high of $33.59. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51.

iShares Preferred and Income Securities ETF Company Profile

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.