ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.1944 per share by the exchange traded fund on Tuesday, May 21st. This represents a $2.33 dividend on an annualized basis and a dividend yield of 16.86%. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN’s previous monthly dividend of $0.19.
CEFL remained flat at $$13.84 during trading hours on Thursday. The company had a trading volume of 88,688 shares, compared to its average volume of 103,667. ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN has a 12-month low of $10.86 and a 12-month high of $16.15.
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