iShares Preferred and Income Securities ETF (NASDAQ:PFF) Announces Dividend Increase – $0.18 Per Share

iShares Preferred and Income Securities ETF (NASDAQ:PFF) declared a monthly dividend on Tuesday, December 17th,NASDAQ Dividends reports. Stockholders of record on Wednesday, December 18th will be paid a dividend of 0.1767 per share on Monday, December 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Wednesday, December 18th. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

iShares Preferred and Income Securities ETF Price Performance

Shares of iShares Preferred and Income Securities ETF stock traded down $0.49 during trading on Wednesday, hitting $31.62. 4,523,406 shares of the stock were exchanged, compared to its average volume of 4,015,382. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The firm’s 50-day moving average price is $32.80 and its 200 day moving average price is $32.36. iShares Preferred and Income Securities ETF has a 12-month low of $30.56 and a 12-month high of $33.59.

About iShares Preferred and Income Securities ETF

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.