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.

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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.

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