News headlines about PowerShares High Yld. Dividend Achv(ETF) (NASDAQ:PEY) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PowerShares High Yld. Dividend Achv(ETF) earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.9583444301572 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Separately, AltaCorp Capital reaffirmed a “buy” rating and issued a $16.50 price target on shares of PowerShares High Yld. Dividend Achv(ETF) in a research note on Monday, January 15th.
PowerShares High Yld. Dividend Ach (NASDAQ PEY) opened at $17.31 on Friday. The company has a market capitalization of $882.18, a P/E ratio of 10.96 and a beta of 0.85. PowerShares High Yld. Dividend Ach has a 12 month low of $16.45 and a 12 month high of $18.61.
The business also recently declared a monthly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st were paid a $0.06 dividend. This is a boost from PowerShares High Yld. Dividend Achv(ETF)’s previous monthly dividend of $0.05. This represents a $0.72 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Tuesday, February 20th. PowerShares High Yld. Dividend Achv(ETF)’s payout ratio is 37.97%.
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PowerShares High Yld. Dividend Achv(ETF) Company Profile
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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