PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Shareholders of record on Tuesday, November 21st will be paid a dividend of 0.0505 per share on Thursday, November 30th. This represents a $0.61 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Monday, November 20th. This is an increase from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05.
PowerShares High Yld. Dividend Ach (NASDAQ:PEY) opened at $17.21 on Tuesday. PowerShares High Yld. Dividend Ach has a 12-month low of $16.18 and a 12-month high of $17.53.
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About PowerShares High Yld. Dividend Achv(ETF)
PowerShares High Yield Equity Dividend Achiever Portfolio (the Fund) is based on the Mergent Dividend Achiever 50 Index (the Index). The Fund focuses to invest at least 90% of its total assets in dividend paying common stocks, which comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends.
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