iShares Preferred and Income Securities ETF (NASDAQ:PFF) Announces Dividend Increase – $0.17 Per Share

iShares Preferred and Income Securities ETF (NASDAQ:PFF) declared a monthly dividend on Thursday, October 31st, NASDAQ reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.1653 per share on Wednesday, November 6th. This represents a $1.98 annualized dividend and a dividend yield of 6.10%. The ex-dividend date is Friday, November 1st. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

iShares Preferred and Income Securities ETF Price Performance

PFF stock traded down $0.30 during midday trading on Friday, reaching $32.54. The company had a trading volume of 3,800,838 shares, compared to its average volume of 3,984,502. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The stock has a 50 day moving average price of $32.99 and a 200-day moving average price of $32.04. iShares Preferred and Income Securities ETF has a 1-year low of $29.15 and a 1-year 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.