iShares Preferred and Income Securities ETF (PFF) to Issue Monthly Dividend of $0.14 on July 7th

iShares Preferred and Income Securities ETF (NASDAQ:PFF) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be given a dividend of 0.1417 per share on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, July 1st. This is a 2.4% increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

iShares Preferred and Income Securities ETF Stock Down 0.1%

NASDAQ:PFF opened at $30.47 on Thursday. iShares Preferred and Income Securities ETF has a 52 week low of $30.10 and a 52 week high of $32.26. The firm has a 50 day moving average of $31.19 and a 200 day moving average of $31.21. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53.

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. 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).