ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) announced a monthly dividend on Friday, December 7th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.2185 per share by the exchange traded fund on Monday, December 24th. This represents a $2.62 annualized dividend and a yield of 19.61%. The ex-dividend date is Thursday, December 13th. This is a positive change from ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN’s previous monthly dividend of $0.18.
Shares of NYSEARCA:CEFL opened at $13.37 on Friday. ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN has a 12-month low of $13.03 and a 12-month high of $18.26.
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