iShares Preferred and Income Securities ETF (NASDAQ:PFF) Announces Monthly Dividend of $0.16

iShares Preferred and Income Securities ETF (NASDAQ:PFF) announced a monthly dividend on Wednesday, September 30th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.1594 per share on Tuesday, October 6th. This represents a $1.91 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, October 1st. This is a 8.3% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.1472.

iShares Preferred and Income Securities ETF Trading Down 0.0%

NASDAQ:PFF opened at $29.50 on Thursday. iShares Preferred and Income Securities ETF has a 1 year low of $29.42 and a 1 year high of $32.02. The firm has a 50 day moving average of $30.30 and a 200-day moving average of $30.71. The stock has a market capitalization of $12.35 billion, a P/E ratio of 3.71 and a beta of 0.53.

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. 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).