ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP) 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 0.0624 per share on Tuesday, May 21st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, May 10th.
LMLP traded down $0.12 during trading hours on Thursday, reaching $14.15. The company’s stock had a trading volume of 590 shares, compared to its average volume of 23,402. ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN has a fifty-two week low of $9.24 and a fifty-two week high of $18.20.
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