ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) Increases Dividend to $0.38 Per Share

ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) announced a monthly dividend on Monday, January 8th, Wall Street Journal reports. Stockholders of record on Tuesday, January 16th will be given a dividend of 0.3801 per share by the exchange traded fund on Wednesday, January 24th. This represents a $4.56 annualized dividend and a dividend yield of 26.73%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN’s previous monthly dividend of $0.25.

ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN (NYSEARCA CEFL) traded down $0.34 on Friday, reaching $17.06. 56,371 shares of the company traded hands. ETRACS Monthly Pay 2X Leveraged Closed-End Fund ETN has a one year low of $16.44 and a one year high of $18.98.

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