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

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

iShares Preferred and Income Securities ETF Stock Performance

iShares Preferred and Income Securities ETF stock traded down $0.49 during mid-day trading on Wednesday, reaching $31.62. 4,523,406 shares of the company were exchanged, compared to its average volume of 4,015,382. The firm has a market cap of $14.70 billion, a PE ratio of 3.91 and a beta of 0.51. The firm’s 50-day simple moving average is $32.80 and its two-hundred day simple moving average is $32.36. iShares Preferred and Income Securities ETF has a twelve month low of $30.56 and a twelve 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.