PROSHARES TR/SHORT BASIC MATL (NYSEARCA:SBM) declared a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Shareholders of record on Thursday, March 21st will be paid a dividend of 0.0208 per share on Wednesday, March 27th. This represents a $0.08 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, March 20th.

Shares of PROSHARES TR/SHORT BASIC MATL stock opened at $18.79 on Thursday. PROSHARES TR/SHORT BASIC MATL has a one year low of $17.13 and a one year high of $22.14.

WARNING: “PROSHARES TR/SHORT BASIC MATL Plans Quarterly Dividend of $0.02 (SBM)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2019/03/21/proshares-tr-short-basic-matl-plans-quarterly-dividend-of-0-02-sbm.html.

PROSHARES TR/SHORT BASIC MATL Company Profile

ProShares Short Basic Materials (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. The Fund invests in derivatives as a substitute for directly shorting stocks in order to gain inverse exposure to the Index.

See Also: What is a Call Option?

Receive News & Ratings for PROSHARES TR/SHORT BASIC MATL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROSHARES TR/SHORT BASIC MATL and related companies with MarketBeat.com's FREE daily email newsletter.