Its an exchange traded fund (ETF) of preferreds, recently fell from 50 down to 42. Was recommened on Nightly Business Report by their friday night market monitor. you can catch the clip on pbs.org, search for nightly business report, look for video clips for their market monitor spot.
No wonder if dropped so precipitously; check out its sector demographics, very dicey.76.20% Financials11.54% Materials9.03% Consumer Discretionary2.62% Energy.33% Utilities.03% S-T Securities
According to Morningstar, PFF is iShares S&P U.S. Preferred Stock Index. Unlike the underlying preferred stocks, PFF doesn't have a yield.Also, PFF has fallen off a cliff, relative to the benchmarks, since first quarter 2007, which seems to be its inception.This doesn't seem like a good investment to me.Wendy
27-Dec-07 $ 0.74 Dividend 3-Dec-07 $ 0.178 Dividend 1-Nov-07 $ 0.207 Dividend 1-Oct-07 $ 0.198 Dividend 4-Sep-07 $ 0.218 Dividend 1-Aug-07 $ 0.232 Dividend 2-Jul-07 $ 0.195 Dividend 1-Jun-07 $ 0.239 Dividend 1-May-07 $ 0.285 Dividend .................................Wendy, of course PFF has a dividend; here's the history.
<of course PFF has a dividend; here's the history.>Gosh, thanks! I couldn't understand why it didn't. I guess I should have gone directly to the company, instead of Morningstar.Wendy
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