ProShares UltraShort Communication Services Select Sector (NYSEARCA:YCOM) Increases Dividend to $0.05 Per Share

ProShares UltraShort Communication Services Select Sector (NYSEARCA:YCOM) announced a quarterly dividend on Wednesday, March 25th, Wall Street Journal reports. Shareholders of record on Thursday, March 26th will be given a dividend of 0.0537 per share on Wednesday, April 1st. This represents a $0.21 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Wednesday, March 25th. This is a boost from ProShares UltraShort Communication Services Select Sector’s previous quarterly dividend of $0.05.

Shares of NYSEARCA:YCOM traded up $0.76 during midday trading on Wednesday, reaching $35.47. 100 shares of the company’s stock were exchanged, compared to its average volume of 1,105. The firm’s 50 day simple moving average is $28.70 and its two-hundred day simple moving average is $28.05. ProShares UltraShort Communication Services Select Sector has a fifty-two week low of $22.48 and a fifty-two week high of $42.43.

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