ProShares UltraShort Utilities (NYSEARCA:SDP) announced a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Investors of record on Thursday, March 21st will be paid a dividend of 0.0242 per share on Wednesday, March 27th. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, March 20th.

Shares of NYSEARCA SDP opened at $19.06 on Thursday. ProShares UltraShort Utilities has a 52 week low of $18.55 and a 52 week high of $28.68.

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About ProShares UltraShort Utilities

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.

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