Grayscale Ethereum Trust ETF (ETHE) to Issue Monthly Dividend of $0.02 on November 4th

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) declared a monthly dividend on Monday, November 2nd. Investors of record on Tuesday, November 3rd will be given a dividend of $0.0246 per share on Wednesday, November 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, November 3rd. This is a 23.1% decrease from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0320.

Grayscale Ethereum Trust ETF Stock Up 1.9%

Grayscale Ethereum Trust ETF stock opened at $18.33 on Wednesday. The stock has a 50-day simple moving average of $20.07 and a 200 day simple moving average of $17.71. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 2.06 and a beta of 2.61. Grayscale Ethereum Trust ETF has a 12-month low of $12.36 and a 12-month high of $29.63.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.