Morgan Stanley Cushing MLP High Income Index ETN (NYSEARCA:MLPY) announced a quarterly dividend on Friday, January 11th, Wall Street Journal reports. Shareholders of record on Monday, January 14th will be paid a dividend of 0.1465 per share on Wednesday, January 23rd. This represents a $0.59 dividend on an annualized basis and a yield of 9.98%. The ex-dividend date of this dividend is Friday, January 11th.
MLPY traded down $0.21 during mid-day trading on Friday, reaching $5.87. 401 shares of the company traded hands, compared to its average volume of 1,553. Morgan Stanley Cushing MLP High Income Index ETN has a 52-week low of $5.26 and a 52-week high of $8.00.
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