Special dividend for the QQQ

|By:, SA News Editor

The special payout is due to the large capital return from Vodafone after the sale of its 45% stake in Verizon Wireless to Verizon. Vodafone represents 0.93% of the total holdings of Invesco's PowerShares QQQ.

The ex-date for the QQQ distribution is anticipated to be February 27, the record date March 3, and the payable date March 7.

The amount of the payment is not yet available.