Cash Dividend On The Way From PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB)

On 10/28/13, PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSX: PSB.TO) will trade ex-dividend, for its monthly dividend of $0.0702, payable on 11/7/13. As a percentage of PSB's recent stock price of $19.65, this dividend works out to approximately 0.36%.

Below is a dividend history chart for PSB, showing historical dividends prior to the most recent $0.0702 declared by PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF:

PSB+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PSB is likely to continue, and whether the current estimated yield of 4.29% on annualized basis is a reasonable expectation of annual yield going forward.

In Thursday trading, PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF shares are currently trading flat on the day.
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