ProShares Ultra Utilities (NYSEARCA:UPW) announced a quarterly dividend on Wednesday, March 25th, Wall Street Journal reports. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.2586 per share on Wednesday, April 1st. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, March 25th.
Shares of NYSEARCA UPW traded up $5.59 during trading hours on Thursday, reaching $45.21. 165 shares of the stock traded hands, compared to its average volume of 12,886. ProShares Ultra Utilities has a 52-week low of $29.22 and a 52-week high of $82.73. The company’s 50-day simple moving average is $66.37 and its two-hundred day simple moving average is $68.01.
About ProShares Ultra Utilities
ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.
Further Reading: Fundamental Analysis
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