iShares Preferred and Income Securities ETF (NASDAQ:PFF) Increases Dividend to $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 paid a dividend of 0.1767 per share on Monday, December 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

iShares Preferred and Income Securities ETF Stock Down 1.5 %

Shares of PFF stock opened at $31.62 on Thursday. The firm has a 50 day moving average of $32.77 and a 200-day moving average of $32.35. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 52 week low of $30.56 and a 52 week 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.