ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) declared a monthly dividend on Thursday, February 7th, Wall Street Journal reports. Shareholders of record on Tuesday, February 12th will be given a dividend of 0.1275 per share by the exchange traded fund on Thursday, February 21st. This represents a $1.53 annualized dividend and a yield of 11.21%. The ex-dividend date of this dividend is Monday, February 11th.
Shares of NYSEARCA:CEFL opened at $13.65 on Friday. ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN has a 12-month low of $10.86 and a 12-month high of $16.72.
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