iShares Preferred and Income Securities ETF (NASDAQ:PFF) Plans Dividend Increase – $0.15 Per Share

by · The Cerbat Gem

iShares Preferred and Income Securities ETF (NASDAQ:PFF – Get Free Report) declared a monthly dividend on Monday, August 31st. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.1472 per share on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 3.5% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

iShares Preferred and Income Securities ETF Stock Down 0.3%

Shares of NASDAQ PFF opened at $30.44 on Tuesday. The firm has a market cap of $13.18 billion, a PE ratio of 3.71 and a beta of 0.53. The company’s fifty day simple moving average is $30.52 and its 200 day simple moving average is $30.93. iShares Preferred and Income Securities ETF has a 12-month low of $30.10 and a 12-month high of $32.26.

iShares Preferred and Income Securities ETF Company Profile

(Get Free Report)

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. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).

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