ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 (LRET) To Go Ex-Dividend on January 12th

ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 (NYSEARCA:LRET) declared a monthly dividend on Monday, January 8th, Wall Street Journal reports. Shareholders of record on Tuesday, January 16th will be given a dividend of 0.331 per share on Wednesday, January 24th. This represents a $3.97 dividend on an annualized basis and a yield of 16.38%. The ex-dividend date of this dividend is Friday, January 12th. This is a boost from ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045’s previous monthly dividend of $0.14.

ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 (NYSEARCA LRET) traded up $0.16 on Thursday, reaching $24.25. The company’s stock had a trading volume of 9,100 shares, compared to its average volume of 3,857. ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN due May 5, 2045 has a fifty-two week low of $23.68 and a fifty-two week high of $27.92.

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