PowerShares Preferred Portfolio(ETF) (BATS:SPMV) Announces Quarterly Dividend of $0.09

PowerShares Preferred Portfolio(ETF) (BATS:SPMV) announced a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Investors of record on Tuesday, March 20th will be paid a dividend of 0.0895 per share on Thursday, March 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Monday, March 19th.

Shares of PowerShares Preferred Portfolio(ETF) stock opened at $26.80 on Wednesday. PowerShares Preferred Portfoli has a 12-month low of $25.16 and a 12-month high of $28.51.

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