ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP) to Issue $0.40 Monthly Dividend

ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP) announced a monthly dividend on Thursday, December 7th, Wall Street Journal reports. Investors of record on Wednesday, December 13th will be paid a dividend of 0.3958 per share on Thursday, December 21st. This represents a $4.75 dividend on an annualized basis and a yield of 30.86%. The ex-dividend date of this dividend is Tuesday, December 12th.

Shares of ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA LMLP) traded up $0.18 during trading hours on Thursday, reaching $15.39. 2,800 shares of the company were exchanged, compared to its average volume of 19,951. ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN has a 1 year low of $11.19 and a 1 year high of $16.88.

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