ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Declares Dividend Increase – $0.14 Per Share

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) declared a quarterly dividend on Tuesday, June 23rd. Investors of record on Wednesday, June 24th will be paid a dividend of 0.1373 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 24th. This is a 27.4% increase from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

PST opened at $23.07 on Wednesday. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $23.61. The firm has a 50-day moving average of $22.86 and a 200 day moving average of $22.41.

About ProShares UltraShort Lehman 7-10 Year Treasury

ProShares UltraShort 7-10 Year Treasury seeks daily investment results, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index. The Barclays Capital 7-10 Year U.S. Treasury Index includes all publicly issued, the United States Treasury securities, which have a remaining maturity of between seven and 10 years, are non-convertible and are denominated in the United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P) and are fixed rate.