TrueShares Active Yield ETF (NASDAQ:ERNZ) Raises Dividend to $0.17 Per Share

TrueShares Active Yield ETF (NASDAQ:ERNZ) declared a monthly dividend on Wednesday, May 28th, NASDAQ Dividends reports. Investors of record on Thursday, May 29th will be given a dividend of 0.17 per share on Friday, May 30th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend is Thursday, May 29th. This is a 6.3% increase from TrueShares Active Yield ETF’s previous monthly dividend of $0.16.

TrueShares Active Yield ETF Stock Down 0.5%

Shares of ERNZ stock opened at $22.23 on Friday. The firm has a market cap of $147.16 million and a PE ratio of 14.49. TrueShares Active Yield ETF has a 12 month low of $20.64 and a 12 month high of $25.78. The company’s fifty day simple moving average is $22.25 and its 200-day simple moving average is $23.58.

About TrueShares Active Yield ETF

The TrueShares Active Yield ETF (ERNZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to outperform the broader market by investing in a portfolio of 50-150 income-generating securities derived from quantitative and qualitative analysis. ERNZ was launched on Apr 30, 2024 and is issued by Truemark Group.