iShares Preferred and Income Securities ETF (NASDAQ:PFF) Declares 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 given 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 of this dividend is Friday, November 1st. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.16.

iShares Preferred and Income Securities ETF Stock Performance

Shares of iShares Preferred and Income Securities ETF stock traded down $0.30 during trading on Friday, hitting $32.54. 3,800,838 shares of the stock were exchanged, compared to its average volume of 3,984,502. The stock has a market cap of $15.13 billion, a PE ratio of 3.91 and a beta of 0.51. The stock’s fifty day moving average is $32.99 and its 200 day moving average is $32.04. iShares Preferred and Income Securities ETF has a 12 month low of $29.15 and a 12 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.